(Mining.com) On Monday, gold was trending higher following a disappointing week when the metal was being punished by a stronger dollar and rekindled expectations of a rate hike in the US.
In heavy trading gold futures in New York for delivery in June, the most active contract, advanced to a high of $1,243.30 an ounce in morning dealings before paring some of those gains.
Despite recent weakness – gold hit a 13-month high of $1,274 an ounce in March – gold remains up 17% in 2016.
