Gold Prices Up As Charts Remain Bullish

Kitco News:

Gold prices are moderately higher in early U.S. trading Monday. The charts remain bullish for the yellow metal, suggesting the path of least resistance for prices will remain sideways to higher in the near term. The metals are also still feeling the bullish effects of major central banks recently sounding very dovish on their monetary policies. August gold futures were last up $3.80 an ounce at 1,416.20. September Comex silver prices were last up $0.134 at $15.37 an ounce.

Asian and European stocks were mixed overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session beings, and at record and contract highs.