Global gold price jumps to its highest level in a month

Gold Price

Global gold price rose to 1.7%, its highest level in a month on Monday,  because of purchases supported by technical factors, due to the falling of the US dollar, but the yellow metal is still down more than 20% since the beginning of the year.

The decline lure of gold as a hedge amid expectations that the Federal Reserve finished Central American Bank program to buy bonds at the end of the day, and contributed to three rounds of quantitative easing in the rise of gold and other commodities.

Gold rose to $1322.50 USD/ Ounce, the highest level since June 20, scored 1317.74 dollars, and at least metal about $ 600 for the highest level ever at 1920.30 dollars reached in the year 2011, and increased the gold in the U.S. trade 1.91% to 1317.60 USD/ Ounce.

As for the other precious metals followed the same foot steps especially silver who followed the gold, and platinum record the highest level since June 19, and palladium jumped to its highest level in nearly six weeks.

Silver rose 2.47% to $ 19.94 an ounce, platinum rose 0.79% to $ 1434.75, and palladium 0.47% to $ 748 an ounce.