Gold Closes Higher as USD Wanes

Gold futures finished higher on Monday, as the U.S. Dollar (USD) showed a relatively weak performance at the beginning of the week.

Markets are anticipating key economic data this week, with some analysts seeing the yellow metal possibly restoring the $1,800 level.

Gold futures for August delivery gained $2.90, or 0.2%, to finish at $1,780.70 per ounce.

Meanwhile, silver futures for July delivery added 14 cents, or 0.5%, and closed at $26.22 per ounce.

Gold’s most active contract has extended its gains for the second consecutive session, rising in three of the past four sessions.