Gold prices remain steady to start week

Gold prices remained little changed to the start the week of trading on Monday morning. Prices continue to hover around $1,600 per ounce.  Last week, due to heightened fears about the economy of Cyprus, gold prices hit a three-month high of $1,616 per ounce.  Yet most of the fears of the market crashing in Cyprus have subsided drastically from a week ago. Beyond Europe, there are still a number of other factors for investors to create demand for bullion this week. North Korea has recently threatened to attack the U.S.  Furthermore, traders and investors are awaiting Friday’s release of the U.S. employment report, which is one of the most important U.S. economic reports this month.