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Gold price leaps to 10-month high

Gold bars

Heavy buying saw the price of gold jump on Monday reverting to levels last seen before Donald Trump’s election as the dollar weakens and hopes for faster economic growth in the world’s largest economy begin to fade.

Gold for delivery in December, the most active contract on the Comex market in New York with nearly 30m ounces traded by early afternoon, was exchanging hands for $1,317.10 an ounce. That a 1.5% gain from Friday’s close and brings gold’s year-to-date gains to over 14% or $165 an ounce. Read more here