Gold At New Session Highs As U.S. Stocks Hit Daily Lows

(Kitco News) – Gold prices continue to get a good safe-haven bid in late-morning trading Monday. Prices just hit a new daily high and are at a nine-week high. A sell-off in U.S. and world stock markets to start the trading week and the month are producing keen trader and investors risk aversion. A weaker U.S.
dollar index today is also aiding the precious metals market bulls. August gold was last up $11.80 at $1,322.90.

By Jim Wyckoff
For Kitco News


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