Market Outlook- Gold started strong footing to jump over 2 %!

Gold started the third quarter on a strong footing to jump over 2 percent on Monday as technical buying and speculative short covering offset concerns that the U.S. Federal Reserve will rein in its stimulus program. Prices surged 2.2 percent to a session peak of $1,260.61 per ounce as speculative investors raced to cover shorts and some investors snapped up bullion at what they considered bargain prices. The market hit a near three-year low of $1,180.71 on Friday.

Today's Headlines

1. Gold Climbs for Third Day to Extend Rebound From 34- Month Low
2. Gold Traders Seeking Floor After $66 Billion Rout: Commodities
3. UBS Starts Gold-Vault Service in Singapore Amid Bullion Rout
4. Corn Futures Swing After Reaching 32-Month Low
5. WTI Crude Trades Near One-Week High as Stockpiles Seen Falling.

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