Gold rises on weaker U.S. dollar


By Xu JingUnreguser

CHICAGO, Aug. 8 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as the U.S. dollar and stocks fell.

The most active gold contract for December delivery rose 14 U.S. dollars, or 0.78 percent, to close at 1,805.2 dollars per ounce.

Gold found additional support as U.S. treasury yields dropped.

Traders are waiting for the release of the July consumer price index, another key inflation indicator, on Wednesday.

Silver for September delivery rose 77.2 cents, or 3.89 percent, to close at 20.614 dollars per ounce. Platinum for October delivery rose 13.7 dollars, or 1.48 percent, to close at 938.40 dollars per ounce.

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