LONDON: Gold hit its highest in more than a week on Monday due to strong physical demand and lingering dollar weakness following last week’s aid deal for Greece. Spot gold rose as high as $1,113.95 an ounce, its strongest since March 19. At 1323 GMT, it traded at $1,111.55 versus $1,105.10 at New York’s notional close on Friday, when it rose more than 1 percent to regain the psychological level of $1,100. US gold futures for April delivery added $7.4 to $1,111.70 an ounce. In other precious metals, silver was at $17.25 an ounce versus $16.85 at New York’s notional close on Friday, having earlier hit $17.27, its highest in more than a week. Platinum was at $1,614.50 versus $1,594.00 while palladium was at $468.50 versus $455.50.
Copper at 3-month high: Copper rose three percent on Monday to its highest level in about three months. At 1439 GMT, copper for three-months delivery on the LME traded at $7,715 a tonne from a close of $7,514 on Friday. Nickel traded at $23,950 from $23,600 after hitting a session high of $24,498, its highest since June 2008, and having rallied more than 27 percent so far this year. Aluminium traded at $2,259 from $2,220 and zinc was at $2,315 from $2,230. Battery material lead was at $2,184 from $2,125 and tin was traded at $17,950 from $17,725. reuters
