Metals Stocks: Gold advances, tests territory last visited in July

Gold futures rose Monday, heading back toward territory last reached in late July, as stock markets indicated more red on the terminals and a leading dollar index declined.

December gold GCZ8, +0.89% was up $12.80, or 1.1%, to $1,234.80 an ounce. A close at this level would be the highest since the third week of July, according to FactSet charting. Meanwhile, December SIZ8, +0.79% silver rose 14 cents, or 1%, to $14.775 an ounce.

For last week, gold climbed 1.4%—its second weekly rise in a row, while silver ended the week roughly 0.1% lower.

Equity-market volatility has been underpinned by concerns over rising Treasury rates TMUBMUSD10Y, -0.06% A rapid rise in rates also has coincided with weakness in the U.S.

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