Jim Wyckoff: GOLD UPDATE: “Gold Extends Early Gains To Hit New Daily High On Short Covering, Bargain Hunting” – Kitco

Posted on :Aug 14, 2013

By: Jim Wyckoff

Kitco

August 14,2013

Comex gold futures prices have moved to moderately higher levels in late-morning trading Wednesday. Some more short covering and fresh bargain-hunting buying interest are featured, amid a lack of fresh, major fundamental news to move the market. A weaker U.S. dollar index is also adding bit of an upside boost to gold and silver prices near midday Wednesday. December gold last traded up $13.00 an ounce at $1,333.00.

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