Dollar Falls, Pushing Gold Prices Up to $1,234.96 an Ounce

Gold prices increased on Monday as the US dollar fell. Spot gold rose $6.17 to $1,234.96 an ounce, Reuters reported.

Positive economic data released last week showed US job numbers increased in November, making investors even more wary about the future of the Federal Reserve’s stimulus program. Continued concern over the stimulus kept gold prices from rising more today.

Gold futures for February delivery were also trading up at $1,233.10 an ounce in New York — a gain of $4.10 from the previous session, The Wall Street Journal reported.