Gold, Silver Prices Extend Gains On Technical Buying, Weak USDX

(Kitco News) – Gold and silver prices have added to their overnight gains in late-morning trading Monday. Some chart-based buying, including buy stop orders being triggered in the futures markets, is seen in both metals as technical resistance levels were eclipsed on the upside. Gold prices are at a three-week high. A weaker U.S. dollar index on this day is also working in favor of the precious metals market bulls. February gold was last up $13.10 at $1,239.10.

By Jim Wyckoff
For Kitco News


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