Gold prices ended slightly higher on Monday tracking the gains in equity markets which moved higher on upbeat Chinese factory data and optimism about the new global banking rules. The gold market largely ignored an agreement among global regulators on bank capital rules and concentrated on pickup in Chinese industrial production.
Gold futures for December delivery settled up 60 cents at $1,247.10 an ounce, after trading in a range of $1,242.30 to $1,251 per ounce on the Comex metals division of the New York Mercantile Exchange.Spot gold last traded at $1,244.50 an ounce, versus the previous session's last trade at $1,245 an ounce.
