Gold futures settled higher on Monday posting one week high rate, with the easing greenback which made the dollar denominated yellow metal cheaper for other currency holders. Moreover, safe haven investments with the market eyeing on US central bank’s move to tighten its liquidity bell also added the yellow metal’s gain.
Gold futures for December rose by 0.5% to settle at $1767.60 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.3% at $1,764.92 per ounce.