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HIBAPRESS – Agencies
Gold and silver continued their gains on Monday amid a decline in the dollar, as investors await the release of a report this week on the US labor market to assess the course of interest rates.
Gold rose in spot trading by 1.4% to $5029.09 per ounce, by 00:37 GMT, after rising by nearly 4% on Friday. The US futures contracts for gold for delivery next April also increased by 1.4% to $5051.0 per ounce, while silver rose in spot trading by 2.5% after increasing by 10% in the previous session. The dollar fell to its lowest level since February 4, making dollar-denominated metals cheaper for foreign buyers.
