Gold futures settled higher on Monday, extending gains to the second straight session as dollar dipped against its peers after unemployment rate for October jumped by 3.7%. Moreover, safe haven appeal of the bullion also buoyed the yellow metal investments. Meanwhile, market keenly awaited for Thursday’s US consumer price index numbers.
Gold futures for December added $3.9 or 0.2% to settle at $1680.50 ounce on the Comex division of the New York Mercantile. However, spot gold down by $3.3 or 0.2% to $1,672.33 per ounce.