NEW YORK (TheStreet) -- Gold prices hit a five-week high Monday as data on Chinese exports buoyed the precious metal.
Gold for February delivery, the most actively traded contract, was surging $15.60 to $1,154.50 an ounce at the Comex division of the New York Mercantile Exchange. The contract has traded as high as $1,163 and as low as $1,139.
Precious metal prices received a boost on blowout export data from China. Exports rose 18% in December with copper imports popping 27%. The news lifted metals across the board.
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