U.S. gold futures rose on Monday amid a stronger euro
U.S. gold futures rose on Monday amid a stronger euro in quiet trading due to shortened week because of forthcoming Christmas.
Gold usually moves in opposition to the dollar as investors use it as an alternative to the U.S. currency.
Gold futures for February delivery rose 70 cents to $443.60 an ounce, after trading from $442.10 to $445.60 on the COMEX division of New York Mercantile Exchange.
Gold was seen sticking around the $435-445 area this week as metals and currency markets seemed to be steady due to the holiday, dealers said.