Gold, Silver Posting Good Gains, At Daily Highs
(Kitco News) - Gold and silver markets are trading with decent gains and near their daily highs in late-morning action Tuesday. Bullish outside markets that include a lower U.S. dollar index and crude oil prices that have surged to a 3.5-year high above $75.00 a barrel in Nymex futures are boosting the precious metals, after they dropped to multi-month lows on Monday. Bargain hunting and short covering are the features today. August gold was last up $12.10 at $1,253.70 and September Silver was up 23 cents at $16.07.