(MENAFN- Gulf Times)
Gold prices rose weakening dollar on Monday, despite central banks' maintaining their strict monetary policies to combat rising inflation.
Spot gold rose 0.3% to $1,665.29 an ounce. US gold futures rose 0.1% to $1,673.30 an ounce.
The dollar index fell 0.2%, making gold, which is priced in the greenback, more attractive to holders of other currencies.
Elsewhere in precious metals, spot silver rose 0.7% to $19.12 an ounce, platinum rose 0.3% to $861.50 an ounce and palladium rose 0.5% to $2,167. .75 USD/ounce.
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