Gold futures rose on Monday following a decline in last weeks trading as weakness in the dollar and falling crude-oil prices prevailed.
Gold rose $3.70 at $792.80 an ounce on the New York Mercantile Exchange. On Friday, gold fell $13.20 to end at $789.10 an ounce, posting a weekly loss of $42.70.
The metal is likely to remain in a more mixed mood over the next few weeks as pockets of investment demand are offset by long liquidation in the run-up to year-end, said James Moore, an analyst at TheBullionDesk.com, in a research note.
Gold prices attempted a comeback after last week's rout, but the effort was short-lived as participants kept facing a series of less than bullish news on the fundamental front for the precious metal, said Jon Nadler, an analyst at Kitco Bullion Dealers, in a research note.
On the currency markets, the dollar index dropped down 0.2% at 75.965 while Crude-oil futures dipped while ongoing speculation about whether the Organization of Petroleum Exporting Countries will raise production quotas at its meeting later this week continues.
In other metals news, Silver for March delivery fell 8 cents at $14.085 an ounce while January platinum rose $4.90 at $1,449.0 an ounce.