Gold Solidly Up, At Daily High, As Stocks, USDX Sell Off

(Kitco News) – Gold prices are trading at session highs with double-digit gains in late-morning action Friday. Safe-haven demand amid a global stock market sell off to end the week and the month is featured in gold and silver markets today. Also, the U.S. dollar index has sold off and is trading at its daily low, to further aid the precious metals market bulls today. Technical buying is also featured in gold, as its near-term chart posture has improved late this week. August gold was last up $16.00 an ounce at $1,308.50.

By Jim Wyckoff
For Kitco News


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