Gold Prices Move Above Unchanged, At Daily Highs, As USDX Backs Off

(Kitco News) - Gold prices have moved to slightly higher levels and are at theirdaily highs in midday trading Friday. The U.S. dollar index has moved modestlylower and is trading near its daily low, which has prompted a bit of buyinginterest in the gold and silver markets--most of which is short covering by thefutures traders heading into the weekend. Augustgold was last up $1.00 anounce at $1,226.80.

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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