(MENAFN- ProactiveInvestors) Gold prices jumped today as the dollar eased against major currencies and as equities continued to get stuck in a tight trading range.
Gold for December delivery gained 1.2 percent to finish at $1197.10 an ounce.
In other metals December silver ticked up 0.7 percent to $16.17 an ounce.
January platinum advanced $3.30 to $1204.60 an ounce while December palladium lost 1 percent to $776.70 an ounce.
High-grade copper for December delivery gave back $0.04 to $3 a pound.
In energy trading West Texas Intermediate and Brent crudes dropped as investors weighed the possibility that OPEC will agree to cut oil output next week.
WTI for December delivery fell $1.03 to settle at $74.61 a barrel on the New York Mercantile Exchange.
Brent for January settlement declined $0.84 to end the session at $78.47 a barrel on the London-based ICE Futures Europe exchange.
Gasoline futures rose 0.8 percent to close at $2.0432 a gallon in New York. Ultra low sulfur diesel fell 0.9 percent to settle at $2.3813.
Regular gasoline at U.S. pumps fell to the lowest level since November 2010. The average retail price slipped 1 cent to $2.875 a gallon yesterday.
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