By Claudia Assis, MarketWatch SAN FRANCISCO (MarketWatch) -- Gold futures fluctuated but held close to record levels Monday as a meeting of world leaders over the weekend failed to assuage fears about the pace of the global recovery while headlines about Iran's nuclear capabilities were also in investors' minds. Gold for August delivery added 40 cents to $1,256.40 an ounce on the Comex division of the New York Mercantile Exchange. Prices had opened lower and hit an intraday low of $1,253.10 earlier. Gold on Friday closed just a couple of dollars' short of the June 8th's record high of $1,258.20 an ounce. "Ongoing concerns over the global economic recovery remain unabated after the weekend G20 summit, while headlines on the CIA comments about Iran's nuclear capability have been doing the rounds," analysts at Barclays Capital said in a note to clients Monday. Iran may have enough fissile material to make two atomic weapons with the capability to build the first in two years, the analysts said. "While not entirely new, this has served as a reminder of the threats that Iran poses and where a resolution still looks difficult." Gold investors remain hopeful bullion's run still has legs. Data from the Commodity Futures Trading Commission showed that more investors are "long" on gold on the week ended June 25, or bet that prices are going to go up, that they were the previous week. Gold's Monday trading followed the meeting in Canada of world leaders of 20 nations. The G20 economies over the weekend vowed to stabilize or reduce the ratios of government debt to gross domestic product by 2016. The G-20 warned that synchronized fiscal adjustment across several major economies could adversely impact the recovery. As a result, fiscal consolidation plans should be differentiated to national circumstances and focused on growth-boosting measures. In the U.S., the Commerce Department said Monday that the savings rate for American households rose to the highest level in eight months in May. Personal incomes also increased. That fueled a rise for palladium and platinum, on hopes that an increase in car sales could follow, George Gero, an analyst with RBC Capital, wrote in e-mailed comments. Platinum and palladium are used on auto catalytic converters and prices often move around auto industry news. Platinum for July delivery added $11, or 0.7%, to $1,581 an ounce. Palladium for September delivery advanced 40 cents to $478.30 an ounce.

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