Gold futures on the COMEX division of the New York Mercantile Exchange rose slightly on Monday, as the investors questioned the dollar rally's near-term durability, offering a demand boost for the dollar-priced precious metal.
The most active gold contract for December delivery went up 4.7 U.S. dollars, or 0.39 percent, to close at 1,205.8 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went down 0.45 percent to 94.499 as of 2000 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes weak, gold futures will rise as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for December delivery rose 8.1 cents, or 0.57 percent, to settle at 14.223 dollars per ounce. Platinum for October went up 2.3 dollars, or 0.29 percent, to close at 800.9 dollars per ounce.
The most active gold contract for December delivery went up 4.7 U.S. dollars, or 0.39 percent, to close at 1,205.8 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went down 0.45 percent to 94.499 as of 2000 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes weak, gold futures will rise as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for December delivery rose 8.1 cents, or 0.57 percent, to settle at 14.223 dollars per ounce. Platinum for October went up 2.3 dollars, or 0.29 percent, to close at 800.9 dollars per ounce.
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