(Kitco News) - December gold futures were sharply higher and pushed above $3,500 an ounce in midday trading Friday. The yellow metal is being powered by technical buying, a sell off in the U.S. stock indexes, and as the calendar turns to what history shows can be a tumultuous two months of September and October for the stock market. Today's price action in December gold saw prices hit a three-week high and close at technically bullish weekly and monthly high closes. That sets the table for follow-through, chart-based buying interest when U.S. trading resumes next Tuesday. Monday is the U.S. Labor Day holiday weekend. December gold was last up $38.10 at $3,511.90.
