Updated from 1:24 p.m. ET with settlement prices.NEW YORK ( TheStreet) -- Gold prices popped on Monday as backwardation in October to December prices boosted the appeal of the yellow metal. Gold for December delivery at the COMEX division of the New York Mercantile Exchange jumped $22 to settle at $1,334.20 an ounce. The October contract traded at $1,334.30 an ounce. The gold price traded as high as $1,343.70 and as low as $1,313.50 an ounce, while the spot price was adding $6.87. "