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Gold holds above $1,300, palladium hits highest since February 2001

Spot gold was unchanged at $1,304.44 an ounce at 1230 GMT

Reuters  |  London 

Gold held above the psychological $1,300 mark on Monday, supported by ongoing tensions over Iran and North Korea and recent weak US economic data. Palladium made another break above $1,000 an ounce to the highest levels since 2001 on the back of strong Chinese auto sales. Spot gold was unchanged at $1,304.44 an ounce at 1230 GMT, while U.S. gold futures for December delivery added 0.2 percent to $1,307 per ounce. Spot gold has been rebounding since touching a two-month low of $1,260.16 on Oct. 6, lifted by worries about North Korea and a weak dollar. While the dollar ...

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First Published: Mon, October 16 2017. 19:47 IST