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Gold Prices Push Higher As U.S. Dollar Index Sells Off

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(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.

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