Daily Gold Update

Source: MarketWatch

New York— Gold futures rallied along with other commodities Monday, as worries about the health of the U.S. economy drove investment demand for the precious metal. Gold for June delivery rose $17 at $930.20 an ounce on the New York Mercantile Exchange.

"I believe you're seeing a flow back into gold and commodities as Friday's data reminded us once more that we are not out of the woods and things are due to get worse before they get better," said Zachary Oxman, a senior trader at Wisdom Financial. "The tone you will find this week is one of strength, moving gold back to the mid 900's," Oxman said. "The market will benefit from continued builds to the long side." See full story.