The price of gold reached a seven-week peak on Monday as a softer dollar and lower US Treasury yields lifted the precious metal’s appeal even as the appetite for riskier assets remained strong. Spot gold was trading at $1,783.88 per ounce, which is its highest level since February 25. US gold futures were also up 0.3% at $1,788 per ounce. “The fact that we managed to break above $1,765 and close above on Friday is likely to have attracted some renewed speculative buying from trend and momentum players,” Saxo Bank analyst Ole Hansen was quoted as saying by Reuters. “Most of these [players] are price-driven, so when the price tells them
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