Gold rises as Dollar weakens with shares

Source: Bloomberg
© Scanpix/Agence France-Presse
Gold gained to a highest level in one week as the greenback and the shares declined. Spot gold climbed 1.3% to $1,411.27 an ounce, the highest level since May 22, and it is set for the first back-to-back daily gain in almost a month. However, the prices have declined 4.8% this month on bets that the Fed may scale back the stimulus as the U.S. economy recovers. The yellow metal's price has dropped 16% this year to date.
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