Gold futures on the COMEX division of the New York Mercantile Exchange rebounded on Monday as stocks, U.S. dollar edged lower.
The most active gold contract for December delivery went up 10.10 dollars, or 0.79 percent, to close at 1,285.00 dollars per ounce.
The Dow Jones Industrial Average fell 0.06 percent to 22,762.65 as of 1750 GMT. S&P 500 and Nasdaq followed the downturn. When equities post losses, gold futures usually go up, as investors can be lured to the precious metals market.
The U.S. dollar index, a measure of the greenback against a basket of other major currencies, also went down 0.06 percent to 93.67 as of 1838 GMT.
Meanwhile, gold received additional support from geopolitical concerns over tensions between Washington and Pyongyang, and the uncertain future of Catalan region in Spain.
As for other precious metals, silver for December delivery went up 18.1 cents, or 1.08 percent, to close at 16.971 dollars per ounce. Platinum for next January rose 1.5 dollars, or 0.16 percent, to settle at 918.20 dollars per ounce
The most active gold contract for December delivery went up 10.10 dollars, or 0.79 percent, to close at 1,285.00 dollars per ounce.
The Dow Jones Industrial Average fell 0.06 percent to 22,762.65 as of 1750 GMT. S&P 500 and Nasdaq followed the downturn. When equities post losses, gold futures usually go up, as investors can be lured to the precious metals market.
The U.S. dollar index, a measure of the greenback against a basket of other major currencies, also went down 0.06 percent to 93.67 as of 1838 GMT.
Meanwhile, gold received additional support from geopolitical concerns over tensions between Washington and Pyongyang, and the uncertain future of Catalan region in Spain.
As for other precious metals, silver for December delivery went up 18.1 cents, or 1.08 percent, to close at 16.971 dollars per ounce. Platinum for next January rose 1.5 dollars, or 0.16 percent, to settle at 918.20 dollars per ounce
Latest comments