Gold Remains Near Daily Highs In Late-Morning Action

(Kitco News) – Gold prices are holding solid gains in late-morning trading Monday, supported by safe-haven demand, a slumping U.S. dollar index, easy-monetary-policy-leaning central banks of the world and bullish technical charts. All these elements point to more upside for gold prices in the near term, and beyond. August gold was last up $13.20 an ounce at $1,413.20.

By Jim Wyckoff
For Kitco News


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