Published May 2, 2016 2:11pm EDT | Updated May 2, 2016 5:05pm EDT

Gold Futures Climb But Settle Below The Key $1,300 Level

Gold futures climbed on Monday, finding support from continued weakness in the U.S. dollar. Prices, however, finished below the session's high as "profit taking" set in when prices topped $1,300 during the session, said Chintan Karnani, chief market analyst at Insignia Consultants. June gold added $5.30, or 0.4%, to settle at $1,295.80 an ounce.