Gold Investment On Upswing
GOLD INVESTMENT NEWS:
Gold prices ended higher on Monday as U.S. dollar weakness created broad gains in the commodities market, although platinum prices finished lower after reaching 11-month lows during Asian trading.
Traders said gold was forming new bases, resulting in higher gains.
Gold priced at $810.70/811.90 (U.S.) on New York's final trade at 2:15 p.m. EDT, up from $799.65/801.05 at the U.S. market closed Monday. Precious metals started the session lower, slumping to a session low of $782.05.
The dollar was weak across the market as U.S. stocks fell while investors took profits on the dollar's recent gains. The greenback's slump triggered broad-based rallies in commodities and crude.
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