Market Chatter: Comex Gold Futures Prices Higher
"Comex gold futures prices are solidly higher in early U.S. trading Thursday and have extended earlier price gains," Kitco News reported.
It said: "The precious metals are seeing underlying support from the key outside markets that are in a bullish posture Thursday, a sharply lower U.S. dollar index and higher crude oil prices. Both gold and silver bulls are working hard to confirm that last week's lows were near-term market bottoms. However, those bulls have more work to do in the near term."
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