Gold gains on dollar weakness, silver hits 10-month high

http://in.reuters.com/article/global-precious-idINKCN0XG02M


Gold rose 1 percent on Tuesday, lifted by a weaker dollar and a 10-month high for silver, which benefited from robust Chinese buying.
Gold touched a session high of $1,246.40 an ounce and was up 1 percent at $1,242.96 by 1144 GMT.
Silver climbed 3.5 percent to $16.78, its highest since June 2015, before stabilising with a 3 percent gain at $16.68, having risen by 5.7 percent last week, its biggest weekly jump in 11 months.
"One reason is that the dollar is weakening. Another reason is that there is heavy buying in silver in Shanghai, and that has triggered buying in gold as well," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.