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Gold climbs after ending the previous session at its lowest price of the month

gold-climbs-after-ending-the-previous-session-at-its-lowest-price-of-the-month

Gold futures finished higher on Monday, after ending the previous session at their lowest price of the month so far. The weaker U.S. dollar and sharp decline in bond yields helped support gold, said Michael Hewson, chief market analyst at CMC Markets UK. But prices remained below the intraday high seen on Friday, he said. Gold for December delivery GCZ22, +0.51% rose $15.10, or 0.9%, to settle at $1,664 an ounce on Comex. Prices fell 1.7% on Friday to post a weekly loss of 3.5%.

Source: Marketwatch

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