Gold At Three Month High

April Gold futures are trading higher by $9.30 at $1125.70 in Monday's session. While the broad market has floundered in 2016, Gold futures are higher by nearly 6 percent since its year-end close of $1060. After a higher open, it retreated and found support just under Friday's close ($116.40), reaching $1115.30 before turning higher. The ensuing rally has made a new high for the recent move surpassing $1128.70 and rallying to $1129.40. It is poised to post its highest close since November 3, when it ended the $1114.20.