collected by :Irax John
“With stocks, the dollar and bond yields lower and geo-political risks on the rise, gold may stand out as the commodity of choice at such time.”
U.S. gold futures for April delivery were up $9.30 an ounce at $1,257.80.
Spot gold was up 1.1 percent at $1,257.72 an ounce at 1135 GMT, having touched a one-month high of $1,259.14 earlier in the session.
China’s net gold imports via main conduit Hong Kong rose 50.8 percent month-on-month in February to 47.931 tonnes, data showed.
The world’s largest gold-backed exchange-traded fund, New York-listed SPDR Gold Shares , reported an outflow of 1.8 tonnes on Friday.
Metals: Gold Hits One-Month High
As it stated in Gold prices rose to a one-month high on Monday, as a weaker dollar and doubts about the Trump agenda pushed up the precious metal.
Copper prices, meanwhile, fell to a two-week low, down 2.4% at $2.5680 a pound, as political anxieties pushed down the commodities…
Gold for April delivery gained 0.8% to $1,258.70 a troy ounce on the Comex division of the New York Mercantile Exchange, trading at the highest level since Feb. 27.
Gold Hits One Month High As Investors Retreat from Global Reflation Trade
As it stated in