Gold, News & Features, Resource News
Comex Gold Extends Early Gains on More Bargain Hunting and as U.S. Dollar Index Weakens
By Kitco · April 26, 2012 · 8:29 am · Leave a Comment
Click here to read the whole story or read an excerpt below.
By Jim Wyckoff
Comex gold futures prices are trading solidly higher and near the session high in late-morning dealings Thursday. The market is extending early gains as bargain hunters are stepping in to buy after recent selling pressure. The U.S. dollar index has dipped to a fresh three-week low Thursday and that has also encouraged some fresh buying and short covering in the precious metals markets. June gold last traded up $14.40 an ounce at $1,656.70
