Gold Reaches 4-Week Peak as Dollar Slips Gold climbed to its highest level in four weeks as the U.S. dollar fell from its 14-year high it previously touched. Spot gold rose 0.4 percent at $1,167.98 per ounce. U.S. gold futures were up 0.3 percent to $1,168.70 an ounce. The dollar index edged down 0.5 percent to 102.170. The relatively weaker dollar lifted gold prices higher. The precious metal is priced in dollars and also becomes cheaper for foreign buyers when the U.S. currency weakens. Gold imports to Turkey increased to 36.7 tonnes in December, higher from 4.65 tonnes during the same period in the previous year, according to data from the Istanbul bourse. Perth Mint's sales of gold products climbed in December as sales of silver more than halved. Holdings of the SPDR Gold Trust fell by nearly 14 percent since the U.S. presidential election in November. It was last unchanged at 813.87 tonnes. News are provided byInstaForex.