Gold Prices Move Up As U.S. Stock Market Coming Unglued Again

(Kitco News) - Goldprices have erased early losses and are trading nearsteady as of this writing early Friday afternoon. Another big sell-off in theU.S. stock market is prompting safe-haven demand for gold. Look for the goldand silver markets to at least hold their own early next week, due to the keenuncertainty and anxiety that will be present on Monday morning. Bearish outsidemarkets Friday afternoon that include a higher U.S. dollar index and a big dropin crude oil prices are working to mitigate the upside move in gold. Aprilgold was last up $0.20 at $1,319.10.

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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