Gold Futures Over $1100

February Gold futures are trading higher by $11.50 at $1103.40 in Thursday's session. Weakness in the equities markets worldwide has instigated a flight to safety which is being reflected in higher prices in the precious metals. The contract is now trading higher for the fifth day in a row, rallying from its December 30 close ($1059,80) to its current level. If the rally continues through the current intraday of $1107.40 there may be additional resistance at the pair of high from November 5 ($1111) and November 6 ($1109.40). It has not closed over $1100 since November 5, when it ended the session at $1103.90.