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Gold Up As Floor Trade Reopens, Logs October Loss: Report

Gold futures rose Wednesday, but notched a loss for October to mark the metal's first monthly decline since May, MarketWatch reported.

Gold for December delivery rose $7, or 0.4%, to $1,719.10 an ounce on the Comex division of the New York Mercantile Exchange. December gold traded as high as $1,726.60.

Nymex floor trading resumed Wednesday after two days of closures because of the hard-hitting storm Sandy.

Gold fell more than 3% in October, snapping four consecutive months of gains, according to FactSet data.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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