(Kitco News) – Gold prices are posting modest gains, while silver prices are solidly higher and near the recent four-week high, in morning dealings Friday. Both metals were trading not far from unchanged levels at the opening of U.S. futures trading. Short covering and some bargain buying heading into the weekend are featured. Also, the last trading day of the month and of the quarter today are prompting some of the short-covering buying interest from larger traders and funds. December gold was last up $2.20 at $1,189.60 and December silver was up $0.26 at $14.55.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
