A weak U.S. dollar and bullish options play propped up gold futures
A weak U.S. dollar and bullish options play propped up gold futures Monday at the Comex division of the New York Mercantile Exchange, Dow Jones reported.
The benchmark August contract settled up $2.50 at $426.30 per troy ounce.
During the session, the contract pushed to a $427.40 high - matching last
The dollar extended early losses as investors continued to take profits while
the euro jumped above a key $1.2000 level to its highest level since July 1.