Gold rises as dollar falls, new tariffs eyed

Gold prices rose on Monday as the dollar fell, as investors awaited more details on U.S. President Donald Trump’s tariff plan.

Spot gold rose 0.6 percent to $2,899.73 an ounce.

Gold hit a record high of $2,942.70 an ounce on Feb. 11.

U.S. gold futures rose 0.4 percent to $2,912.50 an ounce.

The dollar index hovered near a two-month low as investors weighed weaker-than-expected U.S. economic data.

Spot silver rose 0.9 percent to $32.41 an ounce after hitting its highest since Oct. 31.

Platinum rose 0.8 percent to $986.85 an ounce. Palladium rose 2 percent to $980.70 an ounce.