Gold futures closed higher on Monday, ending a trend of decline for two consecutive trading days, due to comments about inflation and the dollar's decline contributed to gold's rise.
Department of the New York Mercantile Exchange COMEX Gold futures for February delivery rose $ 3.50, to close at $ 1,344.50 an ounce, or 0.3%. The contract rose to intraday high of $ 1,352.40 an ounce, but then progressively declined.
Gold futures fell $ 5.50 Friday to close at $ 1,341 an ounce, the highest since November 17 last year, has been low. Gold futures are down 1.4% last week.
MF Global metals analyst pointed out that "investors are seriously considering whether gold is just short-term adjustment of the current, or has already peaked this problem."
Low interest rates and investors in the context of quantitative easing fears of inflation in recent years to be supported gold.
MF Global, said this week several major events occurred in the gold market may impact the trend.
U.S. President State of the Union on Tuesday.
Analysts pointed out that since the November elections, President Obama a change in political views, but to reach any compromise with the Republican Party are not conducive to gold.