Gold prices rose Monday on the first day of trading in the second quarter of the year waiting for new indicators of exchange markets, with investors absorb data from China and the United States, as well as developments in the euro zone.
Welding and the dollar index above the lowest level in almost a month, which struck on Friday, after the euro rose thanks to the hopes of Spain’s ability to comply austerity plan.
The dealer said a major brokerage firm in gold in Tokyo, “There are no new issues in the gold market these days.”
“The people focused during the past few months on the debt crisis in Europe, and now these fears subsided despite the continuation of a degree of ambiguity and the money flowing into stocks again.”
Gold rose in Spot 0.1 percent to 1670.30 USD/Troy an ounce by 0645 GMT, after hitting 6.6 percent rise in first quarter of this year, despite lower prices for the second consecutive month, losing 1.6 percent in March.
And led the gains in precious metals silver and rose 1.2 percent to 32.58 dollars an ounce, in addition to gains 16 percent in the first quarter.
Platinum was down 0.32 percent to 1639.75 dollars an ounce, and palladium rose 0.64 percent to 652.25 dollars an ounce.