Gold rises to a new one-month high amid weak Dollar

Source: Bloomberg
© Scanpix/Reuters
Gold reached a one-month high amid speculation that the Fed is not rushing to rise interest rates, thus weakening the US Dollar and increasing precious metal demand. Gold for immediate delivery gained 0.7% to $1,231.29 per ounce, while the futures for February added 1.3% to $1,231.30 per ounce, the highs not seen since December 11.
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