On Monday, the price of gold reached a high of four months, because the US dollar index dropped the lowest in three years, but analysts said the greenback slide is a little lower, because it is the direction of distribution Has the basis.
Spot gold rose by 0.2% to $ 1,341.92 an ounce against US $ 1,344.44 on September 8, which is the fastestest of 1238 GMT.
Spot gold rose by 0.2% to $ 1,341.92 an ounce against US $ 1,344.44 on September 8, which is the fastestest of 1238 GMT.
US Gold futures rose by 0.6% to $ 1,343.20 an ounce.
Capital economics analyst Simona Gaborini said, "Weaknesses in dollars are not considered to be fair with fundamental principles, given the deviation in monetary policy, it is a bit strange because a strong dollar should play in favor."
Capital economics analyst Simona Gaborini said, "Weaknesses in dollars are not considered to be fair with fundamental principles, given the deviation in monetary policy, it is a bit strange because a strong dollar should play in favor."
He said that the US Federal Reserve is expected to increase interest rates widely, which would favor a strong dollar, while the European Central Bank should be kept at the rate
The dollar index was down 0.5% at 90.516, the weakest since January 2015 at 90.421.
Gold is cheaper for holders of other properties, such as a weak US currency dollar, while higher rates can dismiss demand for non-interest-paying gold.
The dollar index was down 0.5% at 90.516, the weakest since January 2015 at 90.421.
Gold is cheaper for holders of other properties, such as a weak US currency dollar, while higher rates can dismiss demand for non-interest-paying gold.
"The main reason for tight relationships between dollars and gold is the lack of physical demand from ETFs (foreign exchange trading funds) and gold in terms of Indian and Chinese jewelery," said Karsten Menke, an analyst at Julius Bayer Commodity.
On Friday, according to data from the US Commodity Futures Trading Commission, the hedge fund and money managers raised the pure long positions in gold and silver of COMEX on January 9, considering the trend of bullion in gold.
On Friday, according to data from the US Commodity Futures Trading Commission, the hedge fund and money managers raised the pure long positions in gold and silver of COMEX on January 9, considering the trend of bullion in gold.
Iran's President said on Sunday that the United States has failed to weaken the nuclear deal between Tehran and major powers, and appreciated the agreement as a "long-lasting victory" for Iran, the state Television said.
US President Donald Trump on Friday exceeded the ultimatum to European signatories to restoration "terrible flaws" in Iran, or left America.
Palladium rose by way of 0.five% to reach record high of $ 1,128.50, $ 1,388 US greenbacks on Monday.
Analysts said that there has been continuous rally seen in the auto industry due to high demand in the supply of metal.
US President Donald Trump on Friday exceeded the ultimatum to European signatories to restoration "terrible flaws" in Iran, or left America.
Palladium rose by way of 0.five% to reach record high of $ 1,128.50, $ 1,388 US greenbacks on Monday.
Analysts said that there has been continuous rally seen in the auto industry due to high demand in the supply of metal.
Spot silver shot up by 0.3% to $ 17.31 an ounce, which reached the highest level of nearly three months at $ 17.42.
Platinum was up 0.4% at US $ 997.20 after touching its highest level since September 11, US $ 1,001.40.
Platinum was up 0.4% at US $ 997.20 after touching its highest level since September 11, US $ 1,001.40.
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