(Kitco News) - Comex December gold futures prices are trading sharply higher and near the daily high in mid-morning dealings Tuesday. Gold prices were trading modestly higher in the early going Tuesday, on weaker U.S. and European stock markets, but then prices popped sharply higher when Federal Reserve Board Governor Charles Evans said in an interview on CNBC that the Fed's monetary policy should be aggressive toward the easing side and that he is very worried about upcoming U.S. economic growth. December gold futures prices popped sharply higher and hit a daily high of $1,835.00 an ounce on that news. Prices then backed off a bit but once again surged back to near the daily high when it was reported the the U.S. consumer confidence index came in well below trader expectations. December gold last traded up $36.50 at $1,828.10 an ounce.

By Jim Wyckoff of Kitco News; jwyckoff@kitco.com

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