Gold ($GCZ7) is near its recent highs, pushing above $1,300 to prices not seen on the December contract since April and June. It will have to push to $1,307 to make fresh yearly highs.
On the equity futures front, the S&P 500 ($ESU7) is slightly higher from Friday's close, but trading within a well-defined range. With the August jobs report out later this week and traders returning from vacation in early September, it's unlikely that these ranges will hold prices for long.
Here's our Senior Performance Coach John Hoagland with the outlook to start a new trading week.
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