On Friday, the price of gold was bolstered by a weaker US dollar and turmoil on financial markets lifting the metal to its highest level since the election of Donald Trump as US president in November, Mining Newa tells.
Gold futures in New York for delivery in December, the most active contract, touched a high of $1,306.90, in massive volumes of nearly 26m ounces by noon, before paring some of those gains.
The gold price received a boost last week on escalating tensions between US and North Korea, but the safe-haven buying related to the stand-off with the dictatorship soon faded.