Jim Wyckoff: GOLD UPDATE: “Gold Extends Early Gains As U.S. Dollar Index Backs Down From High” – Kitco

Posted on :Aug 22, 2013

By: Jim Wyckoff

Kitco

August 22, 2013

The gold market has pushed to its session high in  late-morning trading Thursday. The gold and silver markets have rallied  modestly as the U.S. dollar index has backed off from its daily high. The gold  and silver market bulls still have some near-term technical momentum on their  side, which is also attracting some chart-based buying interest in both.  December gold last traded up $9.10 an ounce at $1,379.40.

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