Gold futures settle higher as dollar weakens

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Gold futures settled higher on Monday, with the dollar-denominated precious metal buoyed by weakness in the U.S. dollar after posting a loss last week. “With the first U.S. presidential debate scheduled tomorrow, Brexit negotiations over the week and the non-farm payroll due on Friday, the markets are likely to remain very cautious and large-scale positioning is unlikely at least until the first debate is out of the way,” said Rhona O’Connell, head of market analysis, EMEA and Asia regions at StoneX, in a daily note. December gold rose $16, or 0.9%, to settle at $1,882.30 an ounce.
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