Gold for December delivery GCZ4, -0.26% rose $14.40 an ounce, or 1.2%, to close at $1,207.30 an ounce. On Friday, gold turned negative for 2014, as an encouraging jobs report weighed on haven demand. It was the first time this year that a most-active gold futures contract closed under $1,200. Monday’s rebound put the yellow metal back in positive territory for 2014 with a 0.1% year-to-date rise.
December silver SIZ4, +0.67% gained 40 cents, or 0.4%, to $17.23 an ounce.
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