Gold approaching $ 1,300 an ounce, and jumps to highest level in 15 months

History of edits:: 2016/5/2 16:36 93 visits readable

[Wayne - Follow-up]

Gold jumped to its highest level in 15 months on Monday, approaching the resistance level at $ 1,300 an ounce, supported by a new decline in the dollar, but the market movements were quiet in weak trading because of the holiday.

And it closed many of the Asian markets and London, today, because of a national holiday, which damped the driving force for the precious metal, which won last week, the biggest weekly gain since early February, up more than five percent.

Gold gains came mainly from the weakness of the dollar, which reached the lowest level since 2008 against the yen after the Bank of Japan unexpectedly declined to apply more monetary easing measures. The continued decline in the dollar on Monday.

Gold climbed 0.4 percent in spot transactions to $ 1299.31 an ounce, slightly down from the highest level reached during the session at $ 1229.90 an ounce, its highest level since January last year.

Gold climbed to US futures contracts for June delivery to $ 11.10 to $ 1301.60 an ounce.
And it settled for silver in the spot transaction at $ 17.81 an ounce.

And platinum rose 0.2 percent to $ 1076.10 an ounce and palladium fell 0.1 percent to $ 624.10 an ounce.