Gold futures rose Monday, with the June contract on Comex rising $10.20, or 0.8%, to close at $1,240.20 an ounce. The bounce saw gold claim back just over half of Friday’s sharp fall. Analysts tied the rebound in part to renewed pressure on the U.S. dollar. A weaker U.S. currency is seen as a boost to commodities priced in dollars as it makes them cheaper in other currencies.
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