Gold, silver prices power to daily highs, bulls gain momentum
Editor's Note: Get caught up in
minutes with our speedy summary of today's must-read news stories and expert
opinions that moved the precious metals and financial markets. Sign up here!
(Kitco News) - Gold and silver prices have extended early gains and have hit new daily highs in late-morning action Monday. Safe-haven demand and technically related buying are pushing the metals prices north, with silver sporting very strong gains. With geopolitical issues still near the front burner of the marketplace and with the markedly improved chart postures for both metals early this week, look for more price appreciation in the near term.
December gold futures were last up $15.40 at $1,530.60 and December silver was last up $0.816 at $18.66 an ounce.
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.