Gold futures settled higher Monday for a second straight session, supported by a pullback in the U.S. dollar. Investors await Wednesday’s U.S. CPI data, which can provide clues on the Federal Reserve’s interest-rate decision later this month. “Gold could have a make-or-break moment this week, which means price action could break out of the $1,940 to $1,980 range,” said Edward Moya, senior market analyst at OANDA. December gold GCZ23 climbed by $4.50, or 0.2%, to settle at $1,947.20 an ounce on Comex.

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