Gold futures posted their highest close in more than three months on Monday, as the yellow metal extended its gains from the prior week amid bets for a further delay in U.S. interest-rate hikes.Gold for December delivery GCZ5, -0.57% settled $8.60, or 0.7%, higher at $1,164.50 an ounce on Comex for its highest settlement since July 6, when the precious metal finished at $1,173.20. Meanwhile, December silver SIZ5, -0.81% tacked on 4 cents, or 0.2%, to finish at $15.86 an ounce.
Last week, gold gained about 1.7% and scored its highest settlement since Aug. 21.
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