Gold Modestly Up, At Daily Highs, As U.S. Dollar Index Weaker

(Kitco News) - Gold priceshave moved to their session highs in late-morning tradingWednesday, at the same time the U.S. dollar index has dropped below unchangedand is trading near its daily low. Some short covering in the futures marketand perceived bargain hunting in the cash market are helping to lift the yellowmetal. Junegold futures were last up $3.00 an ounce at $1,316.80.

 

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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