Make Kitco Your Homepage

Gold Holding Above $1,300, Near Daily Highs, Amid Risk Aversion

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices are trading moderately up and near daily highs in late-morning action Monday. Prices are holding above the key $1,300.00 level, which is a bullish element that will likely invite still more buying interest in the yellow metal. Solid losses in the U.S. stock market today amid some keener risk aversion in the marketplace is bullish for the safe-haven metal. February gold futures were last up $4.30 an ounce at $1,302.20.

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.