Gold futures ended higher on Monday as the dollar slipped against a basket of major currencies and the euro rose after the head of the European Central Bank (ECB) said that the euro zone's economic recovery had taken hold at a meeting of central bankers. At the meeting in Jackson Hole, Wyoming, the ECB's Mario Draghi said the bank's ultra-loose monetary policy was working and the euro zone's economic recovery had taken hold, refraining from commenting on the euro's recent strength.

Gold futures for December delivery gained $17.40, or 1.3 percent, to settle at $1,315.30 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 1.4 percent at $1,309.25 an ounce.

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