Gold Ends Higher, Posts Best Settlement Price Since July

By Mark DeCambreMarketWatch Pulse

Gold futures finished higher on Monday, building on the prior week's healthy gains that came amid bets for a further delay in U.S. interest-rate hikes. Gold for December delivery on Comex (s: GCZ5) picked up $8.60, or 0.7%, to settle at $1,164.50 an ounce, marking the highest close for a most-active contract since July 6, when gold ended at $1,173.20 an ounce, according to FactSet. The move higher for gold comes as metals broadly enjoyed a rebound amid news that the world's second-largest economy, China, is looking to implement monetary stimulus that might help mitigate a slowdown in the country--the biggest importers of commodities.

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