Italy Jan Trade Balance non-EU decreases to €-2.281B vs €3.317B in Dec

Gold prices have jumped overnight during Asian trading, as volumes have given bulls something to contemplate after a dismal start to 2013. After recently falling to a 7-month low last week, the yellow metal is trading above its 20, 50, and 200-day SMA for the first time in the month of February. In recent moments, trading reached a session high of 1592.25, though at the time of writing gold has settled at USD $1590.05 per oz., up +1.04%. Ultimately, Monday will be driven by the anticipated results of the Italian electorate, which promises to capture the spotlight – polls close around 14:00 GMT.