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Gold Adds to Gains As Midday Approaches

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(Kitco News) - Gold prices are solidly higher and near their session highs as midday approaches. Traders continue to do some short covering in the futures market and bargain hunting in the cash market, after the yellow metal hit a 12-month low overnight. A U.S. dollar index that is lower today is helping out the precious metals market bulls. August gold was last up $15.70 at $1,257.50.

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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