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Gold, Silver Posting Good Gains, At Daily Highs

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(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.

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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