Gold prices jump and rupee rises to 4-month high as dollar falters

Brent crude, too, rose in line with the broader financial market and its futures reached $53.33 a barrel, the highest since March 2020

Gold started the new year on a high in the international market by notching an eight-week peak on Monday, as the dollar slipped broadly to mid-2018 lows with investors selling it for just about everything else in the Asia session, wagering the world’s pandemic recovery would drive other currencies higher. The rupee closed at a four-month high of 73.02 after appreciating 9 paise.

Oil, too, touched multi-month highs on expectations Opec (Organization of the Petroleum Exporting Countries) and allied producers may cap output at current levels in February and on hopes that vaccines may curb the spread of the coronavirus and