NEW YORK (
Gold for December delivery was up $8.60 to $1,683.80 an ounce at the Comex division of the New York Mercantile Exchange. The
"As far as trading in the metals, there hasn't been a lot, we haven't seen anything. We really didn't have any economic data, the dollar is a little stronger, but this is just coming back cause it was over sold on Friday," said Phil Streible, senior commodities broker at RJO Futures.
Streible said, though, that most of the chatter he had heard on Monday concerned the upcoming election and what a victory for either side would mean for the yellow metal.In the event of a Barack Obama victory, investors see more of the same policies. "Fiscal irresponsibility, (Federal Reserve Chairman) Ben Bernanke going all the way through
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