MW:Gold, silver futures rally as U.S. dollar drops
By Polya Lesova
LONDON (MarketWatch) -- Gold and silver futures rallied Monday, while the U.S. dollar fell against most other major currencies. Gold for December delivery GC1Z +1.85% rose $24 to $1,659.80 an ounce in electronic trading on Globex. December silver futures climbed 94 cents, or 3%, to $31.93 an ounce. Gold and the dollar tend to move in opposite directions. The dollar index DXY -1.05% , which tracks the performance of the greenback against a basket of other major currencies, dropped 0.9% to 78.041.
