Bengaluru: Gold prices on Monday hit their highest since September, buoyed as the U.S. dollar slumped to three-year lows against a basket of currencies.
Spot gold was up 0.1 percent at $1,339.46 an ounce by 0117 GMT, after earlier touching its strongest since Sept. 6 at $1,339.97. Spot gold rose for a fifth straight week last week, gaining 1.4 percent.
U.S. gold futures were up 0.4 percent at $1,339.70 an ounce. Spot gold prices rose 1 percent on Friday after U.S. President Donald Trump said he would waive nuclear sanctions against Iran for the last time to give Washington and its European allies a chance to fix the "terrible flaws" of the 2015 nuclear deal. Asian shares hit historic highs on Monday as Wall Street extended its record-breaking run, while the U.S. dollar remained on the defensive as investors priced in the risk of tighter policies elsewhere in the rich world.
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