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Gold Sees Modest Rally as U.S. Dollar Index Weakens

Tuesday March 3, 2015 10:08 AM

(Kitco News) - Gold prices have firmed up after trading near steady levels in earlier dealings. The yellow metal pushed higher and to its daily high at the same time the U.S. dollar index weakened and fell to its daily low.  A slight downturn in the U.S. stock indexes is also mildly supportive for the gold market. April gold was last up $5.00 an ounce at $1,213.00.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow me on Twitter @jimwyckoff



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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