Gold Prices rallied over 1% on Thursday to around $1100 an ounce as the dollar fell and due to robust investment flows in anticipation of higher bullion prices. The US Securities and Exchange Commission took a regulatory step on December 22 that brought shares of ETP Securities Platinum and Palladium trusts closer to final approval for trade on the New York Stock Exchange lifting platinum and Palladium prices to their highest in a week.
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Spot gold was at $1099.55 ounce by 1330 GMT versus $1087 an ounce late in New York on Wednesday. Bullion tumbled to a seven week low of $1074.10 an ounce earlier this week.
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