Gold rises on weak dollar, upbeat global manufacturing data

NEW YORK (MarketWatch) -- Gold futures rose Monday, as a falling dollar and upbeat manufacturing reports from the U.S., Europe and China lifted the appeal of gold as a hedge against inflation.

Gold for April delivery gained $21.20, or 1.9%, at $1,105 an ounce at the New York Mercantile Exchange. The precious metal fell 0.6% last week and lost 1.2% in January.

Click here for more on today's price action in gold.

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