NEW YORK ( TheStreet ) -- Gold prices popped Monday despite a stronger U.S. dollar as stronger physical demand and safe haven buying kicked in. Gold for December delivery jumped $35 to close at $1,791.10 an ounce at the Comex division of the New York Mercantile Exchange and were climbing higher in after-hours trading. The gold price has traded as high as $1,787.80 and as low as $1,754 an ounce. Silver prices closed up 74 cents at $34.82 an ounce while the U.S. dollar index was slightly higher at $76.93.
In Europe, it's Greek redux, with 10-year Italian bond yields soaring over 6.6%, a euro-record high, Prime Minister Berlusconi losing three party members in a week and the lower house preparing to vote on 2012 budget issues on Tuesday, which, if defeated, could trigger another confidence vote for Berlusconi. Gold mining stocks were popping Monday with many like Randgold ( GOLD) jumping to new 52-week highs . Kinross Gold ( KGC) was adding 3.21% to $14.79 while Yamana Gold ( AUY) was up 1.29% at $16.47. Other gold stocks, Agnico-Eagle ( AEM) and Eldorado Gold ( EGO) were trading higher at $46.95 and $19.33, respectively. -- Written by Alix Steel in New York. >To contact the writer of this article, click here: Alix Steel.