3/20, 11:58 AM (Source:
more TeleTrader news

Gold prices reach two-week high on weaker dollar

Gold traded on two-week highs on Monday after the interest rate decision from the United States Federal Reserve last week, which led to a weaker dollar.

The yellow metal increased 0.32% to go for $1,233.30 per ounce at 11:53 am CET. Its daily high was $1,235.54 per ounce.

Meanwhile, the euro gained 0.19% against the dollar to change hands at 1.07603 at 11:55 am CET. Sterling increased 0.17% against the US currency to go for 1.2415 at 11:55 am CET.

TeleTrader Newsroom / VP