US gold futures gained on Monday, despite the US dollar rose against other currencies.
April delivery gold futures climbed $1.20 to $426 an ounce on the New York Mercantile Exchange?s Comex division.
Analysts with London?s Standard Bank say gold will stabilize in the "mid $420s" range, implying a pullback of about 5 percent in all for the precious metals from its recent high.
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Gold Lifted, Shrugging Off Dollar Revive
US gold futures gained on Monday, despite the US dollar rose against other currencies