Gold however rose as investors deperately looked for alternate investment options other than the weak dollar. Darren Heathcote, head of trading at Investec Bank Ltd. in Sydney, said: "There are long positions building up. There’s a pretty good reason for it as we continue to see the U.S. dollar weaken daily. The market is becoming more comfortable with diversification and more people are looking to get gold.”
Gold for December delivery rose 0.3 percent to 1,067.25 an ounce.
Gold for December delivery rose 0.3 percent to 1,067.25 an ounce.
