Gold Extends Early Gains As U.S. Dollar, Stocks Indexes Back Off

New York (Jan 12)  Gold prices are trading near their session highs in mid-morning dealings Monday. The yellow metal is seeing buying interest surface as the U.S. dollar index has backed down from its daily high and as the U.S. stock indexes are selling off.

Technically related buying and even a bit of safe-haven demand are also evident in the gold market to start the trading week. February Comex gold was last up at $1,226.

Source: Kitco