(MENAFN- ProactiveInvestors)
Gold futures advanced overnight in New York as a weaker U.S. dollar helped the metal build on its gain a day earlier but prices couldn't quite break back above US$1200 an ounce.
Gold for June delivery climbed 0.5% to settle at US$1193.20 an ounce after tapping an intraday high of US$1199.30.
Weakness in the dollar was one reason for gold’s gain. The greenback fell in the wake of data showing the U.S. trade deficit soared 43% in March.
In other metals trading July silver also added 0.8% to US$16.579 an ounce.
July platinum fell 0.2% to US$1148 an ounce while June palladium advanced 1.6% to US$794.95 an ounce.
July copper added 0.5% to US$2.935 a pound.
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