Gold Settles Higher For a Fifth Straight Session

Gold futures settled higher on Monday for a fifth straight session. The metal appeared to be unfazed by the strength in the dollar as the market weighed gold's investment appeal ahead of Wednesday's release of minutes of the Federal Reserve's April meeting and watched developments linked to Greece's upcoming International Monetary Fund repayments. June gold rose $2.30, or 0.2%, to settle at $1,227.60 an ounce on Comex. That was the highest settlement for a most-active contract since Feb. 10.