Reuters
Singapore
Gold traded near a 15-month peak on Monday as a tumble in the dollar and weakness in global equities pushed up the metal to near $1,300 an ounce.
Spot gold was little changed at $1,292.96 an ounce by 0642 GMT, after climbing to $1,296.11 on Friday, the highest level since January 2015.
U.S. gold futures rose 0.4 percent to $1,295.30. They hit a 15-month top of $1,299 in the previous session before paring some gains.
"With the majority of Asia out today and London on holiday tonight we are expecting a range-bound session.
However as gold trades towards $1,300, days of thin liquidity can throw up surprises," said MKS Group trader Sam Laughlin. Several markets are shut on Monday for the Labour Day holiday. The U.S. dollar slumped to an 18-month low against the yen.
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