Mubasher: Gold prices rose during Monday's trades following sharp drops last week by as much as $35, after economic woes from Turkey had prompted investors to resort to buying the US dollar.
Earlier on Monday, gold futures had added up to $10.70 to reach $1,194.90 per ounce, while spot gold had risen 0.3% to reach $1,188.22 per ounce.
By 12:05 pm GMT, however, gold futures grew 0.79% recording $1,193.5 per ounce, while spot gold increased 0.22% to $1,186.81 per ounce.
However, as the economic woes lessen, gold has been able to regain is safe haven status, according to analysts.
Source:
Mubasher