Gold ended the U.S. day session with modest price Monday. Short covering in the futures market and bargain hunting in the cash market were featured, along with some technical chart consolidation. The gold market Monday showed resilience in the face of bearish “outside markets” that saw the U.S. dollar index hit a four-year high overnight, while crude oil prices hit a five-year low during the U.S. trading session. February Comex gold was last up $3.90 at $1,194.30 an ounce. Spot gold was last up $1.70 at $1,195.40. March Comex silver last traded up $0.017 at $16.275 an ounce.
