Comex Gold Higher on Safe-Haven Demand, Fresh Technical Buying

Comex April gold futures prices are trading modestly higher and hovering near a three-month high in early U.S. dealings Thursday. The precious yellow metal is boosted by fresh safe-haven investment demand and on fresh upside near-term technical momentum gained by the bulls this week. The key “outside markets” are also in a mildly bullish daily posture for the precious metals so far Thursday, as the U.S. dollar index is lower and crude oil prices are steady to firmer. April gold last traded up $5.70 at $1,777.10 an ounce. Spot gold was last quoted down $0.10 an ounce at $1,776.25.  March Comex silver last traded up $0.291 at $34.55 an ounce.

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: