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Gold, Silver Prices Extend Gains On Technical Buying, Weak USDX

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News- Gold and silver prices have added to their overnight gains in late-morning trading Monday. Some chart-based buying, including buy stop orders being triggered in the futures markets, is seen in both metals as technical resistance levels were eclipsed on the upside. Gold prices are at a three-week high. A weaker U.S. dollar index on this day is also working in favor of the precious metals market bulls. February gold was last up $13.10 at $1,239.10.

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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