MarketWatch reported that gold futures for December delivery closed at the highest price since mid-June, settling at $1,623 an ounce.
As quoted in the report:
Prices continued to trade in a tight range amid a lack of major news from the U.S. or Europe, said Chintan Karnani, chief analyst at Insignia Consultants in New Delhi.
Adrian Ash, head of research at BullionVault, commented:
Platinum aside, the precious metals remain rudderless ahead of Wednesday’s Fed minutes and the raft of euro meetings due later this week. But next Monday marks a long weekend in London, and the end of the summer holidays,” he said. “That typically marks the end of gold’s summer doldrums too.