Gold prices rise as US dollar weakens

Gold prices rose on Monday morning on the back of a decline in the US dollar.

Spot gold rose 0.52 per cent to $1,855 per ounce by 9.10am UAE time.

In the UAE, 24K gold price rose Dh0.75 per gram at the opening of the market on Monday to trade at Dh224.5 per gram as compared to last week’s close of Dh223.75.

Capital Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.

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