Gold Ends Up, Hovers Near 3-Month High, as Bulls Continue to Quietly Gain Technical Momentum

(Kitco News) - Comex gold futures prices ended the U.S. day session with moderate gains Monday and closed at a three-month high close. The near-term technical posture for gold continues to improve so far this year, which has invited chart-based buying interest. Also, the U.S. dollar index was weaker Monday, which was a bullish “outside market” factor working in favor of the gold bulls. April gold was last up $12.80 at $1,275.70 an ounce. Spot gold was last quoted up $8.30 at $1276.00. March...