Gold Extends Early Gains Amid Weaker U.S. Dollar
(Kitco News) - Gold prices are scoring solid gains in late-morning action Monday. Buyers have stepped into the market to do some bargain hunting after recent selling pressure. A weaker U.S. dollar index on this day, along with a rally in the crude oil market, are also working in favor of the precious metals market bulls. The safe-haven metal is faring well to start the trading week despite a good rally in the U.S. stock market. Gold would benefit even more this week if daily stock market volatility spiked up again. April gold was last up $8.80 an ounce at $1,324.40.