(Kitco News) – Gold prices are trading moderately up and near daily highs in late-morning action Monday. Prices are holding above the key $1,300.00 level, which is a bullish element that will likely invite still more buying interest in the yellow metal. Solid losses in the U.S. stock market today amid some keener risk aversion in the marketplace is bullish for the safe-haven metal. February gold futures were last up $4.30 an ounce at $1,302.20.
By Jim Wyckoff
For Kitco News