Gold Prices Push Higher As U.S. Dollar Index Sells Off
(Kitco News) - Gold and silver prices markets have erased modest early losses and are trading higher and near their daily highs in late-morning dealings Wednesday. The metals are being boosted by a solid drop in the U.S. dollar index, which hit a 2.5-month low today. Solidly higher crude oil prices that are trading above $51.00 a barrel and at a three-week high are also supporting buying interest in the precious metals. February gold futures were last up $6.00 an ounce at $1,292.00.
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.