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Gold at three-week high on dollar; palladium hits 16-year high

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - A weaker dollar pushed gold prices to a three-week high on Thursday, the second such climb in successive days, while palladium rose to a 16-year peak as speculators resumed buying.Spot gold was up 0.3 percent at $1,284.47 per ounce by 1500 GMT after touching $1,288.13, the highest since Oct. 20.U.S. gold futures for December delivery added 0.1 percent to $1,285."The dollar is moving a bit lower because yields are under pressure," said Georgette Boele, commodity strategist at ABN AMRO in Amsterdam."There should be more upside. I expect it to move back towards ...

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First Published: Thu, November 09 2017. 22:44 IST
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