London, January 09 (QNA) – Gold prices rose on Monday and hovered near a seven-month high, supported by a weaker dollar and hopes that the Federal Reserve might slow its pace of interest rate hike.
Spot gold was up 0.2% at $1,868.89 per ounce. US gold futures also inched 0.2% higher at $1,873.80.
Spot silver gained 0.6% to $23.95, while platinum rose 0.5% to $1,094.97, and palladium fell 0.1% to $1,804.30.
The dollar index was down 0.2%, making gold cheaper for overseas buyers. (QNA)
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