Gold Closes Higher on Rising Demand

Gold prices rose on Monday, supported by an increased demand following the recent decline and despite the U.S. Dollar (USD) showing some rebound signs.

The yellow metal futures for February delivery gained $15.40, or 0.8%, to finish at the level of $1,835.40 per ounce, opening the week with a positive performance.

It is worth noting that last week gold futures declined by about 3%.