The first day of the year trading was very.....>

GOLD: The first day of the year trading was very similar to the last day, with

the dollar remaining under pressure and the precious metal being in high

demand.-The yellow metal opened in Asia above $1302 and was immediately in

demand as the US dollar continued to lose ground across the board. The price

printed an Asian high of $1307.74.

-The arrival of Europe was no different with the price grinding to 4-month highs

of $1312.92.

-The tone did not change with the arrival of New York with the rate hovering

close to the session highs.

-The precious metal continues to march higher as investors continue to leave the

dollar and move into gold. The price has gone onto print a 4 month high of

$1314.61.