Gold rises by the European equities and the dollar


February 29, 2016 17:01

Gold rises by the European equities and the dollar

Gold prices rose one percent on Monday, supported by a fall European stocks and the dollar 's decline, allowing the yellow metal recorded the best monthly performance in four years.
It rose Spot gold to $ 1233.58 an ounce by 10:53 pm GMT, while US crude delivery in April rose 1.2 percent to $ 1234.4, according to The "Reuters".
Gold rose ten percent in February, the largest monthly jump since January 2012.
Gold climbed about 15 percent this year, to rediscover role as a safe haven for investors reluctant to risk, with falling stocks and concerns of a global economic slowdown.
In the current month , gold hit its highest level in at $ 1260.60, supported by a review of the expectations for higher US interest rates.

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