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10-Oct2016

Gold futures edge higher on Monday

Gold futures edged higher on Monday with investors set for a busy week of policy views and the volatile race for the US presidency with Donald Trump and Hillary Clinton slated for their second of three debates during the session and China markets re-opening after a week-long holiday. Yellow metal prices further improved as the dollar weakened against a basket of major currencies.

Gold futures for December delivery rose 0.82 percent to trade at $1,262.15 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was up 0.6 percent to $1,263.80 an ounce.

 


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