Frank Tang and Jan Harvey
November 4, 2013
Gold rose in quiet trade on Monday, lifted by a dollar drop and comments by a senior Fed official that the U.S. central bank should keep up its monetary stimulus.
Bullion investors looked toward U.S. jobs data later this week for trading cues. The precious metal was moving in a $10 range with less-than-average turnover due to a light schedule of
U.S. economic indicators on Monday, traders said.
Gold prices were supported after St. Louis Federal Reserve President James Bullard told CNBC television that the Fed should not rush a decision to scale back its asset purchase program
because of low inflation.