Gold Extends Early Gains, Sharply Up, As USDX Drops

(Kitco News) – Gold prices are solidly higher, are at 10-month highs and are at their daily highs in late-morning action Tuesday. The yellow metal extended its good early gains as the U.S. dollar index has dropped from its session high and is now trading below unchanged on the day. Crude oil prices at a three-month high today are also benefitting the precious metals markets bulls. April gold was last up $16.30 an ounce at $1,338.40.

By Jim Wyckoff
For Kitco News


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