Gold advanced yesterday, supported by a lower dollar and a dip in equities, which improved investor confidence in the metal. In London yesterday afternoon, gold was fixed at $1 255.75 an ounce (R437 467 a kilogram), up $5.75 from the second fix on Friday. Earlier in the day it hit its highest level since mid-December at $1 259.46. US gold futures for February delivery were up $2.90 at $1 254 an ounce. "Since the start of the year there has been a slight change in attitude towards gold," Citi analyst David Wilson said. He said tapering by the Federal Reserve had been priced in, although Citi did not expect the gold price to rise much from current levels in the first half of the year. Platinum prices rose to their highest level in more than two months after the Association of Mineworkers and Construction Union said workers at the world's top three producers would strike this week. Platinum was fixed at $1 470, up $23 in London yesterday afternoon. - Reuters The Star
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