Gold has posted modest gains on Monday, as the spot price is $1243.36 per ounce in the European session. Gold has recovered nicely in the past two weeks, when it was trading below $1190. In economic news, it’s a quiet start to the week, with no US data releases on Monday.
The US dollar posted strong gains against gold in September and early October, pushing the metal below the $1200 level. However, gold prices have since rebounded back to the $1240 level.
