Gold rose today, Monday, helped in part by signs the request ofinvestors and central banks, having scored the biggest weekly decline in three months last week, but the optimism in the markets on global growth may reduce the gains in the long run.
He added gold in the spot market 0.7 percent to 1664.74 dollars perounce by the time 1520 GMT, after falling earlier in the session to1652.14 dollars, and the price of gold fell by more than three percentlast week.
The falling dollar has contributed to low levels against the euro during the hearing in support of gold.
And increased investor confidence in the U.S. economy after positive data for three weeks, prompting some people to modify their expectations of interest rates, and the dashed part of desire for the acquisition of gold as a hedge of a new economic slowdown.
And central banks have been active buyers of gold in the preceding weeks and bought about four tons, according to a source in the sector and the Financial Times on Ahamah.
Silver rose 1.1 percent to 32.90 dollars an ounce, and platinum rose 0.5 percent to 1675.24 dollars an ounce, and palladium rose 0.3 percent to700.72 dollars an ounce.