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Gold rises on weak dollar; palladium dips from 16-year high

Reuters  |  NEW YORK/LONDON 

By Renita D. Young and Eric OnstadNEW YORK/LONDON (Reuters) - Gold was higher on Thursday as a weaker dollar pushed prices during the session to a three-week high for the second time in successive days, while palladium dipped but stayed close to 16-year peak hit during the session.Spot gold was up 0.4 percent at $1,286.27 an ounce by 1:42 p.m. EST (1842 GMT), after touching $1,288.13, its highest since Oct. 20.U.S. gold futures for December delivery settled up $3.80, or 0.3 percent, at $1,287.50 per ounce. The dollar fell to a six-day low against a basket of currencies , as investors balked ...

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First Published: Fri, November 10 2017. 00:49 IST