negotiations resumed over the weekend between President Barack Obama and House Speaker John Boehner (R., Ohio) without any details of what they discussed, but a spokesman for Boehner said "the lines of communication remain open."
Gold prices occasionally have reacted to news that has emerged from negotiations about the fiscal cliff -- when tax relief measures and deep spending cuts will automatically go into effect.
A lack of more specifics from the weekend meeting between the president and the Republican speaker appears to have failed to move investors in a decided direction.
For Monday, most eyes are on the possibility of more monetary stimulus from the Fed.
Gold mining stocks were mostly higher Monday. Shares of
(GG - Get Report)
were gaining 0.71%, while shares of
(RGLD - Get Report)
were increasing 1.8%.
Among volume leaders,
(ABX - Get Report)
was climbing 2%, and
(NEM - Get Report)
was up 2.1%.
SPDR Gold Trust
was increasing 0.44%, while
iShares Gold Trust
was up 0.46%.
-- Written by Joe Deaux in New York.