Weaker dollar pushes gold price to 7-week high

The price of gold reached

The price of gold reached a seven-week peak on Monday as a softer dollar and lower US Treasury yields lifted the precious metal’s appeal even as the appetite for riskier assets remained strong.

Spot gold was trading at $1,783.88 per ounce, which is its highest level since February 25. US gold futures were also up 0.3% at $1,788 per ounce.

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