Gold Ends Firmer On Short Covering, Bargain Hunting; Bears May Be Exhausted

(Kitco News) - Gold prices ended the U.S. day session with moderate gains Monday, on short covering from recent selling pressure and on some bargain hunting. Traders and investors are awaiting fresh news to drive the markets. While the gold market bears are in firm overall technical control, the bulls were impressed by last Friday's price action, in which gold was able to stabilize after a bearish U.S. jobs report was released Friday morning. That suggests the bears may have run out of gas on t...