Gold Futures Up Monday

Nov 8, 2011, 11:54 by R.E. Christian

Gold prices climbed sharply Monday with investors concerned about prolonged debt problems in Europe.

On the Comex division of the New York Mercantile Exchange, gold added $40.40 to close at $1,796.50 per troy ounce.

The spike in gold came as the U.S. dollar index was flat, creeping slightly upward 0.05 percent to 76.96.

West Texas Intermediate crude oil settled at $95.88 per barrel, up $1.70.

The euro fell to $1.3772 from Friday's $1.3792. Against the yen, the dollar fell to 78.05 yen from Friday's 78.23 yen.

The dollar was mixed in Asia and in Europe.

Source: UPI