Gold has rallied to a 5½-month high of $651.80/oz as investors saw potential for it to scale new peaks on expectations of a weakening of the US dollar.
Silver jumped to a one-month high, while palladium prices rose as high as $349 an ounce, the highest level in more than four-and-a-half months.
After several recent attempts, gold breached the $650-an-ounce mark and analysts said a weaker dollar and firmer oil prices should help it to scale new highs going forward.
Read Full Article at FIN24.co.za
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