World Economy

Gold Rises

Gold RisesGold Rises

Gold rose to its highest in nearly two weeks early on Monday, adding to its biggest one-day gain in nearly three months in the previous session when weak US employment data sharply cut the chance of a near-term US rate hike, Reuters reported. Spot gold was up 0.2% at $1,246.10 per ounce. It reached a high of $1,248.40, its best since May 24. Bullion soared about 2.8% on Friday, its biggest one-day percentage gain since Feb. 11. US gold climbed 0.5% at $1,248.90.