82 days ago • Posted by William Ramstein

Gold rises on inflation fears

Gold rose more than 1.5% to a near one-week high on Monday, as expectations for rising inflation triggered equity valuation concerns and drove investors toward the safe-haven metal, while a weaker U.S. dollar lent further support. Spot gold was up 1.5% at $1,808.16 an ounce by 1:46 p.m. EST (1846 GMT), after hitting its highest level since Feb. 16 in the session. U.S. gold futures settled up 1.7% at $1,808.40. Source: Yahoo