Safe-Haven Demand Pushing Gold Prices Higher

(Kitco News) - Gold prices have erased mild early losses and are trading slightlyhigher and at the daily highs in morning dealings Friday. Buyers have steppedin to buy the dip, ahead of what is an uncertain weekend on the geopoliticalfront. President Trump has threatened to hit Syria with missiles, but thetiming of any strike is uncertain. Still, there is the possibility the U.S. could hit Syria with air strikes as soon as this weekend.Such would throw uncertainty and anxiety back to the front burner of themarketplace, and that's bullish for safe-haven gold. June gold was last up$1.80 an ounce at $1,343.80.

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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