investing in gold: Gold rose on Monday, and one percent to its highest level in a month because of the dollar's decline and fall of the stock and the further decline in oil prices, which boosted demand for the precious metal by investors seeking a safe haven.
Dollar fell after a surprise drop in US wages was the only weak point in a strong report on the labor market. The data boosted speculation not to rush the Federal Reserve (Fed) to raise interest rates, which may help gold banking is generating interest.
Meanwhile, world oil prices stand at their lowest level since April, 2009.
At 1956 GMT, spot gold price rose one percent to $ 1233.96 an ounce (an ounce) after that rose in Asian trading at $ 1235.90, recording the strongest level since 10 December.
Rose gold futures for February delivery settled at prices in COMEX exchange 1.4 per cent to $ 1232.80 an ounce.
Among other precious metals silver climbed 0.4 percent in spot transactions to $ 16.56 an ounce.
Platinum rose 1.1 percent to $ 1238 and palladium jumped 1.1 percent to hit US $ 809 per ounce. Gold investing news