| Gold rose to a fresh 15-month high on Monday above $1,300 an ounce, supported by renewed weakness in the dollar, but action was muted because of a holiday in some markets. Many Asian markets and London were closed for national holidays, dampening momentum in the precious metal, which posted its biggest weekly rally since early February last week, up more than 5 per cent.
That was chiefly driven by weakness in the dollar, which had its worst week since 2008 versus the Japanese yen after the Bank of Japan unexpectedly opted against further monetary easing. The US currency stayed on the back foot on Monday...............................................Full Article: Source
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