Gold Prices At Daily Highs As USDX Losses Steepen
(Kitco News) -
Gold prices are moderately up and trading near their session highs in late-morning action Monday. The yellow metal is seeing more buying interest as losses in the U.S. dollar index have accelerated as the day progresses. Gold bulls are also gaining confidence their metal has put in a near-term market bottom, after prices have been trading sideways for the past two weeks. December gold was last up $7.70 an ounce at $1,208.50.
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