Gold futures end higher to snap 7-session losing streak

Gold futures on Monday eked out their first gain in eight trading sessions, but some analysts continued to offer a bearish outlook for the metal’s price.

December gold GCZ5, +0.28%  tacked on 40 cents to settle at $1,088.10 an ounce on Comex. Prices had posted losses in each of the previous seven sessions and, last week, suffered their third straight weekly drop.

Tracking the most-active contracts, prices settled at $1,087.70 on Friday. A settlement below $1,085.50 would be the worst since early 2010.

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