Gold futures ended higher on Monday as the investors are closely monitoring the back-and-forth negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on a new round of fiscal stimulus for American businesses and workers hard hit by the economic weakness caused by the COVID-19 pandemic. The softer dollar also added the bullion buying.
Gold futures for December delivery rose $5.30, or 0.3%, to settle at $1,911.70 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.2% to $1,901.16 per ounce.
Gold futures for December delivery rose $5.30, or 0.3%, to settle at $1,911.70 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.2% to $1,901.16 per ounce.