Gold Rises, Dollar Mixed

Gold prices lifted Monday, while trading in the dollar was mixed.

Benchmark bullion futures were adding $8.20 at $899.70 an ounce in recent trading on the Comex division of the New York Mercantile Exchange.

The SPDR Gold Trust(GLD Quote), which holds inventories of solid gold bars, was rising 1% in recent trading on the New York Stock Exchange.

As for the precious metals patch, Golden Star Resources(GSS Quote) was rising 4.7%, while Barrick Gold(ABX Quote) was up about 0.9%, both buoyed by the rising metal price.

U.S. Treasury Secretary Henry Paulson's pledge of support for the dollar's status as the world's reserve currency did not do much to boost the greenback in the foreign-exchange market. One euro was buying $1.5565, vs. $1.5557 on Friday. One dollar was trading for 104.26 Japanese yen down from 105.42 yen previously. The British pound was selling for $1.9656 vs. $1.9809.

The CurrencyShares Euro Trust(FXE Quote) was up 0.03%, while the CurrencyShares Japanese Yen Trust(FXY Quote) was ahead by 1.2%. The CurrencyShares British Pound Sterling(FXB Quote) was off 1.2%.