USD 63.9453

+0.1

EUR 70.2759

-0.32

BRENT 64.22

-0.23

AI-92 42.29

-0.02

AI-95 45.94

-0.01

AI-98 51.57

-0.02

Diesel 45.99

+0.02

16

Gold Rose on Weak Dollar and High Crude Price

Gold climbed up on dollar weakness, which prompted investment into the metal as an alternative asset.

Gold edged up on dollar weakness, which prompted investment into the metal as an alternative asset, and also on high oil prices, with Brent crude just a few dollars off an all-time high of 78 usd per barrel.

Gold was 'reasonably firm because the dollar is weak; that's the dominant feature,' said SocGen analyst Steven Briggs. He pointed out, however, the precious metal has performed poorly in the past two weeks while the dollar has lagged.