Gold futures settle at highest since June
SAN FRANCISCO (MarketWatch) -- Gold futures climbed Monday to close at their highest level since June 19, according to data from FactSet, though they held to a tight trading range during the session as investors awaited potential action from policy makers. Gold for December delivery tacked on $3.60, or 0.2%, to settle at $1,623 an ounce on the Comex division of the New York Mercantile Exchange. Gold recovered from its lows of the day "supported by continuing concerns about the euro-zone debt crisis and the euro," said Mark O'Byrne, executive director at GoldCore. September silver was the biggest gainer among the major metals, up 59 cents, or 2.1%, at $28.59 an ounce, with analysts attributing the move to a two-month high to technical trading. Platinum futures gained for a third session, with the September contract up $25.10, or 1.7%, at $1,498.20 an ounce, the highest close since early May.
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