Gold rises 1.2% as the dollar falls

New York, February 23 / WAM / Gold rose to its highest level in more than three weeks, today, Monday, with the dollar falling.

Gold rose in spot transactions by 1.2% to $5,163.60 per ounce by 02:10 GMT, recording its highest level in more than three weeks, while US gold futures contracts for April delivery increased by 2% to $5,184.90.

As for other precious metals, the price of silver in spot transactions rose 3.1% to $87.10 per ounce, which is its highest level in more than two weeks.

Platinum rose in spot transactions 1.2% to $2,182.60 per ounce, while palladium increased 0.5% to $1,753.75.

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