Gold climbs on weaker dlr as silver holdings rise for 6th day
London: Gold today rose for the third day as the dollar weakened. Silver advanced as investors added cash to exchange-traded funds for the sixth day, the longest stretch since 2013.
Gold rose 0.8 per cent to USD 1,186.03 an ounce. The metal is up about 1 per cent this week. Silver also climbed 1 per cent to USD 16.14 an ounce, ending a five-day run of losses.
The Bloomberg Dollar Spot Index slid 0.8 percent, extending this week’s retreat after President Barack Obama on Monday denied expressing concern about the currency’s strength in private conversations at a Group of Seven summit.
Speculation that Greece will ultimately leave the euro is also boosting demand for gold.