Gold Market Update : Epic Research Singapore

Gold futures climbed for a sixth straight session Monday as the dollar remained depressed against its chief currency rivals, but prices finished below the key $1,300-an-ounce level.

So-called profit-taking set in when prices topped $1,300 during the session, said Chintan Karnani, chief market analyst at Insignia Consultants.

June gold GCM6, +0.02%  tacked on $5.30, or 0.4%, to settle at a more than 15-month high of $1,295.80 an ounce after peaking at $1,306 during the session. Gold prices had gained more than 4% in April.

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