NEW YORK ( TheStreet) -- Gold prices rose to the highest level in over a month as buyers speculated slowing Chinese growth may lead to monetary policy easing this year. Gold for February delivery climbed $24.80 to settle at $1,655.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,668 and as low as $1,609 an ounce. Silver prices for March delivery advanced 61.3 cents to $30.135 an ounce while the U.S. dollar index was falling 0.4% to $81.19, also enhancing the appeal of gold as an alternative asset. KGC) said Tuesday that it expects production to be flat this year while production costs continue to rise as much as 19% on higher labor costs and mine expenses. The Canadian company's shares were down 18% to $10.45. Goldcorp ( GG) was falling 1.3% to $44.83. NovaGold Resources ( NG) was declining 2.2% to $8.77. New Gold ( NGD) was dropping 1.4% to $10.37. Endeavour Silver ( EXK) was decreasing 2.6% to $10.04. -- Written by Kaitlyn Kiernan in New York. >To contact the writer of this article, click here: Kaitlyn Kiernan To follow the writer on Twitter, go to @Kaitlyn_Kiernan.