Gold increases on a Dollar decline and ETP record holdings

Source: Bloomberg
© Scanpix/FP
Spot price rose by 0.6% to $1,723.70% an ounce and was traded at $1,722.30 level during Singapore trading hours on Monday. Last week the metal slipped by 1%, as the U.S. Dollar advanced for a fourth week, setting for the best period since June. Now gold increases for the first time in the last three days, together with other commodities, as the U.S. Dollar edged lower and investors expanded their holdings of exchange traded products, which reached the record level.
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