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Gold Inched Up

Gold settled slightly higher on Monday

Gold settled slightly higher Monday on the Comex division of the New York Mercantile Exchange, Dow Jones reported.

August gold settled 90 cents higher at $425.90 per ounce while September
silver ended the session up 2.5 cents at $7.140.

While the metals did not stray too far from trading ranges seen Friday, Bill
O'Neill, principal at LOGIC Advisors, said the lows made last week represent
the bottom for gold and silver.

"Precious metals are slowly trending higher but not with a lot of momentum,"
O'Neill said.