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Gold, Silver Prices Hit Daily Highs As U.S. Dollar Index Under Pressure

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(Kitco News) -Gold and silver prices are up and have touched new daily highs in late-morning trading Wednesday. Both precious metals rallied at the same time the U.S. dollar index dropped to its session low. The gold and silver bulls have gained a bit of upside technical momentum at mid-week. August gold was last up $2.60 an ounce at $1,304.90 and July silver was up $0.217 at $16.76 an ounce.

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 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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