Investing.com - Gold futures came off earlier highs in Monday trading after the dollar recovered from mixed U.S. data, though the precious metal remained in positive territory on safe-haven demand stemming from unrest in Hong Kong.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,218.00 a troy ounce during U.S. trading, down 0.21%, up from a session low of $1,215.90 and off a high of $1,223.90.
The December contract settled down 0.53% at $1,215.40 on Friday.
Futures were likely to find support at $1,206.60 a troy ounce, last Thursday's low, and resistance at $1,232.70, Friday's high.
Gold prices remained in positive territory despite the dollar's recovery after investors digested mixed U.S. data and determined the economy is still gaining steam.
The National Association of Realtors reported earlier that its pending home sales index fell 1.0% to 104.7 in August from 105.8 in July. Economists had expected the index to tick down 0.1% last month.
Separately, the Commerce Department said that U.S. personal spending rose 0.5% in August, beating expectations for an increase of 0.4%, after a 0.1% dip in July.
The report also showed that personal income, reflecting income from wages, investment, and government aid, rose 0.3%, up from 0.2% in July, broadly in line with forecasts.
Elsewhere, gold prices remained elevated due to safe-haven demand after a wave of protests in Hong Kong spooked investors worldwide.
Pro-democracy protestors clashed with police on Monday, angry at China's move to vet all candidates running in the city's elections for chief executive in 2017.
Meanwhile, silver for December delivery was up 0.01% at $17.538 a troy ounce, while copper futures for December delivery were up 0.40% at $3.048 a pound.