Gold rose 2 percent on Monday in a risk rally with equities and commodities, as the dollar tumbled after a renewed Franco-German pledge to introduce a plan to resolve the eurozone's debilitating debt crisis. Spot gold was up 2.1 percent by $1,672.70 an ounce by 2:26 p.m. EDT (1826 GMT).
Silver was up 2.8 percent at $32.03 an ounce. US gold futures for December delivery settled up $35 at $1,670.80 an ounce. Among platinum group metals, spot platinum was up 2.3 percent at $1,520.49 an ounce, while spot palladium was up 4.4 percent at $608.73 an ounce.