Gold futures settled near 6 week high rate on Monday, with the hiked investment appeal of the bullion as US Treasury bond yield notes eased and on looming inflationary worries. Although, a stronger dollar limited gains. Meanwhile, participant’s focus is on major central bank meetings this week.
Gold futures for December climbed by $10.5 or 0.6% to settle at $1,806.8 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by 0.8% to $1,805.90 per ounce.