Gold prices jump as dollar declines

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Monday 27 Jul 2015 - 16:06 Makkah mean time-11-10-1436 Manila (IINA) – Gold rose above $1,100 an ounce on Monday as the dollar weakened. According to the Saudi Press Agency (SPA), the dollar has plunged against a basket of currencies after the decline in the U.S. stocks and bond yields, making dollar-denominated gold cheaper for holders of other currencies. U.S. gold futures for August delivery rose 1.6 percent to $1,102.30 an ounce. AB/IINA