The gold market initially managed another new high for the move Monday but seemed to be partially unable to hold all of the gains. Lingering strength in the US equity market seemed to tamp down the flight to quality angle that generally fueled the gold market higher in the prior week. However, with the higher gold action Monday, the trade was apparently still seeing lingering safe haven psychology. Certainly the latest twist in the Iranian situation provided the bull camp with a fresh lift, especially since the energy complex confirmed the anxiety with a generally strong trade. In the end the US economic information failed to give off a definitive view on the economy and therefore the currency market impact on gold was minimal for the first trading session of the week.