(RTTNews) - Gold prices moved higher on Monday morning as bargain-hunters took advantage of a recent slide.
December-stamped gold rose to $1,057.30, up $16.90 on the session. Prices reached as high as $1,059.20.
Gold down $6.70 on Friday hit as low as $1,035.40. The metal fell more than $15 on the week, but still finished October up nearly 4%.
Three major economic reports are due at 10 a.m. ET today. The ISM manufacturing index is expected to come in at 53.0 for October, compared to a 52.6 for September.
Construction spending for September is expected to come in down 0.4%, compared to a rise of 0.8% in August.
Pending home sales are expected to rise 1% for September, compared to a decline of 0.8% in August.
The dollar was little-changed against the euro. The greenback edged to a five-day high against the sterling and was stable with the yen.
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