Gold futures settled higher on Monday, as the renewed hope for a fiscal stimulus deal and a sluggish dollar lends support to the safe-haven bullion bets. However, developments on President Donald Trump’s recovery from COVID-19 buoyed risk appetite weighing on the yellow metal rates.
Gold futures for December delivery rose $12.50, or 0.7%, to settle at $1,920.10 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.7% at $1,912.80 an ounce.