Gold futures ended higher on Monday. However, some gains were capped on expectations that Japan's ultra-loose monetary policy would stay in place after Prime Minister Shinzo Abe's election victory at the weekend lifted the dollar to a three-month high versus the yen. Gold futures for December delivery gained $0.40, or 0.03 percent, to settle at $1,280.90 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.01 percent at $1,280.43 an ounce.

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