Gold Prices Accelerate To Solid Gains As U.S. Stock Market Wobbly

(Kitco News) - Goldprices have pushed to new daily highs and are solidly up on theday, in late-morning trading Wednesday. Some safe-haven demand is featured asthe U.S. stock indexes are showing a significant increase in daily volatilityso far Wednesday. Chart-based buying interest is also featured in gold futuresas buy stop orders were triggered when prices moved to a new high for the week.April Comex gold was last up $15.00 an ounce at $1,345.50.

 

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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