By Kitco News / August 10, 2018 / www.kitco.com /
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(Kitco News) - Gold prices are at their daily highs and moderately up inlate-morning price action Friday. Safe-haven buying interest has kicked inheading into an uncertain weekend on the foreign exchange front. Currencymarkets are roiled and the U.S. dollar index has hit a 13-month high as theTurkish lira is in trouble, with European countries also having troublingexposure to Turkish debt. Also, the short-sellers of gold futures are gettingpanicky ahead of the weekend, and are bailing out of their positions. Decembergold was last up $4.00 an ounce at $1,223.90.
By Jim Wyckoff For Kitco News
jwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of
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