Gold closes higher on NYME NEW YORK, July 9 (UPI) -- Gold futures closed higher Monday on signs of progress on a European Union deal to get Spain's budget deficit under control. August gold was up $10.20, or 7 percent, to $1,589.10 on the Comex division of the New York Mercantile Exchange. Volumes were lower on quiet holiday season trading in Europe. Silver was up, with September silver at $27.44, up 52.4 cents. The euro was $1.2318 late Monday from $1.2288 late Friday. Against the yen, the dollar fell to 79.57 yen from 79.66 yen. The pound was $1.5528 from $1.5527. The Intercontinental Exchange Dollar Index was down slightly at 83.11.