Published: 2016.10.24. GOLD RATE

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Gold prices were little changed on Monday, although a broadly stronger U.S. dollar continued to weigh on the precious metal.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were little changed at $1,267.25.

The December contract ended Friday’s session little changed at $1,267.70 an ounce.

Futures were likely to find support at $1,268.60, the low from October 21 and resistance at $1,271.50, the high from October 20.
Gold prices remained under pressure as expectations for a U.S. rate hike before the end of the year continued to lend broad support to the greenback.

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