Bullion for immediate delivery in London increased as much as 1 percent to $1,218.92 an ounce, the highest price since March 26, and traded at $1,217.11 at 11:18 a.m. in Singapore, according to Bloomberg generic pricing. Financial markets in China, Australia and Hong Kong are closed on Monday.
Gold added 2.8 percent this year as investors assessed data for clues on when the Federal Reserve may raise rates, with figures on Friday showing U.S. payrolls expanded the least since December 2013. Fed Chair Janet Yellen and colleagues last month opened the door to a rate increase as soon as June as the economy recovers, while also suggesting in forecasts that September may be more likely. Minutes of the Fed’s March meeting due Wednesday may give more clarity on the bank’s approach.
American companies added 126,000 positions in March, according to the Labor Department report on Friday. The Bloomberg Dollar Spot Index fell for a fourth day on Monday, set for the longest losing streak in nine months.
Gold for June delivery added 1.4 percent to $1,217.10 an ounce on the Comex, while silver for immediate delivery climbed 0.2 percent to $17.1023 an ounce.
Spot platinum gained as much as 2.1 percent to $1,180 an ounce, the highest level since March 6, and traded at $1,174.50. Palladium rallied as much as 2.5 percent to $764.30 an ounce, the highest price since March 27, and was at $758.80.
Sumber : ewfpro.com
