Make Kitco Your Homepage

Gold Traders "Buy the Dip," Push Prices Higher

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices are moderately up and at their daily highs in late-morning action Monday. Overnight losses were seen as a buying opportunity by many traders--especially after the solid gains on Friday that produced a technically bullish weekly high close in prices. The U.S. dollar index has also dropped lower and is trading near its session low at present, which is also benefitting the precious metals market bulls. December gold was last up
$5.00 an ounce at $1,218.30.

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.

Precious Metal Charts

Follow Kitco News