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Gold hits over five-week peak, palladium logs new record

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Gold climbed to a more than five-week high on Tuesday as the dollar sagged after the United States and China agreed on a 90-day pause to fresh trade tariffs, while palladium notched up a record high, putting it about $4 short of parity with bullion.Spot gold rose for the second straight session, up 0.7 percent at $1,239.30 per ounce at 1103 GMT. Prices touched a peak of $1,241.10 earlier in the session, their highest since Oct. 26. U.S. gold futures were up 0.4 percent at $1,244.80 per ounce.The dollar weakened against its major peers, pressured by a thaw ...

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First Published: Tue, December 04 2018. 17:02 IST