Gold extended gains from its highest close since April as the dollar retreated and investors weighed broad optimism that the U.S. and China may be able to reach a deal that would avert a tariff increase on Chinese goods by March 1. Palladium hit a record.
Spot gold as much as +0.2% to $1,325.39/oz, highest since Jan. 31, and traded at $1,324.14 at 12:27pm in Singapore.
Prices closed at highest since April on Friday and a rally above $1,326.33/oz would push metal to highest since April on intraday basis.
Source : Bloomberg