CHICAGO, Nov. 12 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange settled unchanged Monday, supported by strong demand from India, but plagued by uncertainties linked to the U.S. fiscal cliff and the European debt crisis.
The most active gold contract for December delivery ended at 1, 730.9 dollars per ounce, unchanged from Friday's settlement.
Data showing contraction in Japan's economy for the third quarter raised prospects for further economic stimulus, boosting gold's appeal as a hedge against inflation, reports say, while market demand for gold in India was supportive, ahead of the Diwali holiday, which begins Tuesday and lasts for five days.
In Japan, the government reported that the nation's economy shrank sharply in the third quarter, with GDP falling by 0.9 percent and by 3.5 percent on an annualized basis.
According to market analysts, an agreement regarding the fiscal cliff remains uncertain for now, which pressured the trading Monday. The fiscal cliff refers to tax and spending hikes that will happen in January if U.S. politicians can't agree on a budget deal.
Silver for December delivery fell by 7.7 cents, or 0.24 percent, to close at 32.522 dollars per ounce. 
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