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Why Gold Is At 3 Week Highs

Gold spot prices are trading at a 3 week highs at  $1,677.04 per ounce, which is slightly lower than its highest since Oct. 13 at $1,681.69 on Friday.

U.S. gold futures rose 0.4% to $1,683.20.

“Some weakness in the dollar, yields are ticking down slightly and that’s what’s helping gold and the whole precious metal complex,” said Bob Haberkorn, senior market strategist at RJO Futures.

Companies also hired more workers than expected in October, which has also contributed to rising gold prices.

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