Gold Rebounds from Sharp Sell-Off in Asian Trading

Gold futures prices are moderately higher and spot prices are moderately lower in early U.S. trading Monday. Prices have bounced well up from their overnight lows on short-covering and bargain hunting after hitting a three-week low in Asian trading. A weaker U.S. dollar index Monday and some safe-haven demand are also featured to start the trading week and the first trading day of the month. February Comex gold was last up $6.20 at $1,182.10 an ounce. Spot gold was last down $7.10 at $1,183.00. March Comex silver last traded up $0.319 at $15.88 an ounce.

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