20
July
Gold rises on oil, dollar; platinum off highs
20 July 2009 MSN
Gold rose above $944 an ounce on Monday to its strongest in almost three weeks, extending last week's 2.7 percent gain as firm oil prices raised worries of inflation and a drop in the U.S. dollar spurred buying.
Bullion, whose gains lifted silver, platinum and palladium, posted its biggest weekly percentage gain in almost two months last week, but trading was thin on Monday with Japanese speculators away for a public holiday.
