Sina US stocks on the 31st, COMEX February gold futures closed up less than 0.01%, rising for the fifth consecutive trading day to 1518.60 US dollars / ounce.

Gold prices rose and are on track for their best monthly performance since August as the dollar fell and funds increased their holdings of gold ETF.

The euro rose for the fourth day in a row and the dollar fell across the board against the Gmur10 currency, boosting gold's attractiveness as an alternative asset.

Spot gold prices rose for the fifth time in six trading days and are on track for their biggest annual gain since 2010. The price of gold is up 14% this year.

The strong gold price "is mainly due to the weakness of the dollar," said Benjamin Lu, a futures analyst at Ferris in Singapore. "US monetary policy is dominated by dovish policy makers in the FOMC, significantly weakening the outlook for the dollar and enhancing the attractiveness of gold."

After cutting interest rates three times this year, the Federal Open Market Committee (FOMC) is expected to keep policy unchanged next year. The market will also be watching this week on the Fed's efforts to prevent turmoil in the repo market.

"in a depressed trading environment, lower is the least resistant path for the dollar," said Rodrigo Catril, senior foreign exchange strategist at National Bank of Australia in Sydney. "the abundance of dollar liquidity-provided by the Federal Reserve-has pushed short-term US yields lower."