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Gold rises on weak dollar

English.news.cn   2014-04-09 05:57:20

CHICAGO, April 8 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose to a two-week high Tuesday on a weaker dollar.

The most active gold contract for June delivery rose 10.8 dollars, or 0.83 percent, to settle at 1,309.1 dollars per ounce.

Besides a weak dollar, tensed situation in Ukraine also added to the safe-haven buying interest on gold.

Investors are also waiting for the minutes of the Federal Reserve's last meeting, due to be released on Wednesday.

Silver for May delivery climbed 15 cents, or 0.75 percent, to close at 20.057 dollars per ounce. Platinum for July delivery gained 13.9 dollars, or 0.97 percent, to close at 1,441.7 dollars per ounce.

Editor: Mu Xuequan
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