Make Kitco Your Homepage

Gold prices push above $1,500 on chart-based buying

Kitco News

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!

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold and silver prices have moved to new daily highs, with gold back above the psychologically important $1,500 level, in late-morning dealings Thursday. The two safe-haven metals continue to have an overall bullish technical posture, which has invited some chart-based buyers to step up today. The U.S. stock market has come off its daily highs and the stock indexes are now trading mixed to weaker, which is also encouraging buyers back into the gold and silver markets. December gold was last up $7.10 at $1,503.00.

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.