Gold rises but set for first monthly decline in five

From uk.reuters.com

Gold prices rose on Monday as the U.S. dollar fell to a two-year low on a dovish policy shift by the U.S. Federal Reserve, although the metal was set for its first monthly decline in five. Spot gold gained 0.2% to $1,967.68 per ounce by 02:09 p.m. EDT (1809 GMT), after hitting its highest since Aug. 19 at $1,976.14. For the month, the metal was down 0.3%, having surged to an all-time peak of $2,072.49 on Aug. 7. U.S. gold futures settled up 0.2% at 1,978.60. "The weaker dollar and the anticipation that we are going to get further dollar weakness has led to some small increases (in gold)" said Jeffrey Sica, founder of ... (full story)