Make Kitco Your Homepage

Gold hits daily high on more short covering amid slightly weaker U.S. stock indexes

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 prices are trading moderately up in late-morning action Thursday, supported by more short covering from futures traders and by some perceived bargain hunting after gold prices fell to three-month lows earlier this week. The gold market bulls still have some heavy lifting to do in the near term to get their metal back in good technical shape on the charts. December gold was last up $8.70 at $1,471.80.

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.