Gold prices extended their recent climb Monday amid speculation the Federal Reserve will keep up its support for the U.S. economy.
The Commerce Department reported that retail sales rose just 0.4 percent in June. That's less than analysts had forecast and also slightly less than the previous month. Any sign of weak or tepid economic growth tends to support expectations that the Fed will stick with its bond-buying program.
Gold for August delivery rose $5.90 to $1,283.50 an ounce. Gold has settled higher on five of the last six trading days and is up 5 percent this month.