Thanks to the weak dollar and the fall in US returns before the release of key employment data, gold fell maintained on Monday at a level close to its highest level in more than seven weeks.

Spot gold increased by 1% to 4 344.40 dollars per ounce at 06:56 GMT. The ingot hit its highest on Friday level since October 21.

American gold futures won 1.1% to reach $4,377.40 per ounce.

According to Kelvin Wong, senior market analyst at OANDA, “Gold should remain in high demand until the publication of non-farm employment numbers in the United States, as the signs of Slowdown in the labor market should keep returns short term at a limited level and the dollar weak, which would favor a rise Towards 4,380-4,440 dollars after a solid rebound from the support zone of 4 243 dollars.”

Cash prices increased by 2% to reach $63.23 per ounce. It reached an all-time high of 64.65 dollars on Friday before closing sharply lower.

Spot platinum has lost 0.4% to $1,738.23, while palladium strengthened by 2.9% at 1,531.28 dollars per ounce