Reuters
Gold hits near one-month high on dollar weakness
Gold neared a one-month high on Monday on the back of a decline in the U.S. dollar, with investors awaiting economic data that could influence the path of Federal Reserve policy tightening. Spot gold was up 0.3% at $1,771.19 per ounce by 1419 GMT, having earlier hit its highest since July 5 at $1,774.95. Gold has more room to the upside given “major issues with Russia, Ukraine and China” and as the dollar runs into some resistance, said Daniel Pavilonis, senior market strategist at RJO Futures.