Gold trades simply shy of highest stage since April

Gold futures traded simply shy of their highest stage since April on Monday because the yellow metallic appeared to increase its features after reserving its fifth straight weekly advance.

Value motion

• Gold for February supply
  GC00,
  -0.71%

  GCG23,
  -0.71%
  declined by 2 cents, or lower than 0.1%, to $1,922 per ounce on Comex.

• Silver for March supply
  SI00,
  -4.16%

  SIH23,
  -4.16%
  declined by 37 cents, or 1.6%, to $23.56 per ounce.

• April platinum
  PLJ23,
  -0.51%
  declined by $1.40, or 0.1%, to $1,045 per ounce whereas March palladium
  PAH23,
  -0.62%
  fell by $22.70, or 1.2%, to $1,703 per ounce.
• Copper for March
  HGH23,
  -0.28%
  was flat at $4.25 per pound.

Market drivers

As gold costs continued to climb on Monday, buyers questioned whether or not the yellow metallic would attain a contemporary all-time excessive this 12 months, in accordance with a be aware from Kitco Metals.