For the last five consecutive days the U.S. dollar has gained in strength. Over the last three consecutive days gold has been able to overcome dollar strength and close in positive territory.

As we saw yesterday, gold prices are trading moderately higher, even with a stronger U.S. dollar. Currently the most active April contract is up $7.60 (+.49%), and fixed at $1570.40.

Gold prices recovered modestly today, after dropping by double digits yesterday. Although gold prices were tempered by dollar strength both gold futures and spot prices managed to eke out a small gain on the day.