By Kate Gibson
NEW YORK (MarketWatch) -- Gold prices on Monday edged higher as the U.S. dollar weakened. The contract for December delivery rose $1.1 to $1,346.40 an ounce in electronic trade on the New York Mercantile Exchange. It ran up as high as $1,356.3 earlier in the session. Standard & Poor's chief technicican, Mark Arbeter, sees $1,500 as the next target for gold. And the U.S. dollar index falls to 70 from its current 77-level, Sam Stovall, S&P's chief investment strategist wrote in a note.
