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The dollar's decline lifted gold to the highest level in a month
BAGHDAD / newspaper righteousness _artf gold, to its highest level in a month, due to the weakness of the dollar and the further decline in oil prices, which encouraged demand for the precious metal as a safe haven.
Dollar fell after a surprise drop in US wages. Bolstered speculation that the data for Aatjl Federal Reserve (the US central bank) to raise interest rates, which may help gold banking is generating interest.
In the meantime, world oil prices stand at their lowest level since April 2009.
Said James Steel, analyst at HSBC: "In normal circumstances be a drop in oil prices negative for gold, but the long-term oil price declines may stoke fears that upsets continued losses stability and financial economies of Petroleum Exporting markets .. This creates a demand for gold as a safe haven."
At 07:45 GMT, the spot price of gold rose 0.4 percent to $ 1227.20 an ounce (an ounce), having climbed to $ 1231, marking the strongest level since 11 December
The metal rose by nearly one percent on Friday to cut the losses wave lasted three weeks. Silver surged 0.55 percent to $ 16.58 an ounce.
Platinum rose 0.5 percent to $ 1231.25 and palladium 0.2 percent, to hit US $ 801.75 an ounce. Ended 11
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