Gold Prices Finish Slightly Higher




Gold turned modestly higher on Friday, gaining for a sixth straight session, as the U.S. dollar gave back some gains versus the euro.

December gold rose to $1,146.80, up $4.90 on the session. The metal hit as low as $1,132.50 in the early going, but later reached as high as $1,150.80.

The dollar rose to a 16-day high near 1.4800 against the euro before giving back some of its gains. the greenback also moved to a 17-day best against the sterling.

There was no major economic news out of the U.S. on Friday. Across the ocean, the Bank of Japan decided to hold the overnight lending rate at 0.1%.

Existing home sales data for October is due at 10 a.m. ET on Monday. Sales are expected to rise to $5.65 million, compared to $5.57 million in September.