Weak dollar and geo-political tensions keep the yellow metal on a strong footing

Gold prices in the international market have gained momentum, thanks to a weak dollar. The spot gold price which fell to a low of $1,243 per ounce in the initial part of last week, reversed higher to close at $1,269.6 per ounce, up 1.2 per cent for the week. Silver also reversed higher after an initial fall and has closed at $16.75 per ounce, up 1.4 per cent for the week. Both the metals have bee...