SINGAPORE: Gold prices rose in global markets on Monday, while silver, platinum and palladium also recorded gains. A weaker US dollar and lower oil prices were among the key factors supporting gold prices.
Spot gold rose 0.3% to $4,206.01 per ounce, reaching its highest level since October 2 during the trading session. Meanwhile, US gold futures for December delivery gained 0.3% to $4,230.40 per ounce.
Silver, Platinum and Palladium Prices Also Climb
Other precious metals also moved higher alongside gold. Spot silver gained 0.5% to $61.12 per ounce, while platinum rose 1% to $1,704.70 per ounce.
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Palladium prices also increased, climbing 1.2% to $1,161.81 per ounce.
