Gold futures moved higher on Monday as the dollar weakened against a basket of currencies. Besides, trade volumes were light with UK markets closed for a public holiday and markets in the US remaining shut for the Memorial Day holiday too influenced the precious metal price.
Gold futures for August delivery settled up $1.30 at $1,293.20 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold rose 11 cents at $1,292.61 an ounce.
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Tuesday 27 May 2014
Gold futures move higher as dollar weakens
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