CHICAGO, June 21 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as the U.S. dollar weakened.
The most active gold contract for August delivery rose 13.9 U.S. dollars, or 0.79 percent, to close at 1,782.9 dollars per ounce.
Gold was also somewhat oversold after the steep decline following the Federal Reserve's hawkish tone last week, market analysts hold.
St. Louis Fed President James Bullard and Dallas Fed President Rob Kaplan said Monday during a webinar sponsored by the Official Monetary and Financial Institutions Forum that they expect high inflation persisting in 2022 above the central bank's 2-percent target, and at a stronger rate than many of their colleagues predict.
Silver for July delivery rose 5.6 cents, or 0.22 percent, to close at 26.025 dollars per ounce. Platinum for July delivery rose 9.6 dollars, or 0.92 percent, to close at 1,050.6 dollars per ounce. Enditem
