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Gold Near Steady, At Daily Highs, In Late-Morning Action

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have erased modest early losses and are trading near the session highs as traders once again bought the overnight dip in prices. A lower U.S. dollar index today is working in favor of the gold market bulls. Also, the near-term technical posture for gold remains bullish, as prices are in an uptrend on the daily bar chart. That continues to invite chart-based buyers. June gold was last up $0.60 at $1,284.00.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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