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Gold prices climbed into positive territory on Monday as a weaker U.S. dollar boosted the precious metal's hedge value. With the gain, gold moved back toward $1,020 again.
December gold jumped to $1,016.70 an ounce, up $13.50 on the session. Prices moved as high as $1,018.90 after earlier hitting as low as $1,001.60.
The dollar fell to a six-day low against the euro, extending its losses from Friday. The greenback also slipped versus the yen and loonie.
Group of Seven finance chiefs stopped short of singling out the weaker dollar for criticism and stuck to their mantra that "disorderly" swings in currencies threaten economic growth.
In economic news Monday, the Institute for Supply Management said its index of activity in the service sector rose to 50.9 in September from 48.4 in August, with a reading above 50 indicating growth in the sector. Economists had been expecting the index to increase to a reading of 50.0.
There is no major economic data on Tuesday's calendar. Kansas City Federal Reserve Bank President Thomas Hoenig speech to an economic forum sponsored by the bank's Denver branch at 9:45 a.m. ET.
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