Gold ends up, lifted by oil surge, dollar drift

NEW YORK (Reuters) - U.S. gold futures held onto strong gains into the close on Monday, after being lifted to a one-month high as fund and speculative buyers reacted to a drifting dollar and surging oil prices, traders said. “The market was very quiet and very thin. But metals were up across the board. The dollar was weak and oil was up quite a bit and that supported it right from the get-go, but it was on light volume,” said one New York gold dealer.

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