The price of gold is rising for the first time in nearly two weeks, breaking a long losing streak.

Gold for June delivery rose $19.40 to settle at $1,384.10 an ounce Monday, an increase of 1.4 percent. It was the first gain since May 8.

The price of gold has been falling since last autumn. Its appeal as an alternative investment faded as the U.S. dollar rose. Subdued inflation and worries that Cyprus might sell some of its gold reserves to support its banks have also given traders reasons to sell gold.

The price of gold has fallen 23 percent since Oct. 4, when it closed at $1,796.50 an ounce.

Silver, copper, platinum and palladium are also higher Monday. Energy prices are mostly higher. Agricultural commodities are mixed.


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