Boosted by the weak dollar, the New York Mercantile Exchange, gold closed up 19. Among them, the February gold contract rose $ 2.0, or 0.2%, to close at 1,370.20 U.S. dollars / ounce.
Earlier, the contract rose to 1,378.90 in intraday trading in New York, USD / ounce, but then pared gains continue.
Royal Bank of Canada Capital Markets Global Futures Department (RBC) and precious metals strategist, vice president, said George Gero, gold exchange-traded funds by buying from the support.
George also pointed out that physical demand for gold is still relatively good, in addition to buying ETF's, gold price to remain stable.