By: Jim Wyckoff
August 20, 2013
Comex gold futures prices are trading near their session highs and are moderately higher in late-morning dealings Tuesday. The metal is supported by some safe-haven demand surfacing due to increasing worries about the so-called periphery currencies in Asia being under strong selling pressure recently. The solid losses in the U.S. dollar index Tuesday morning are also a bullish factor for the gold market. Technical buying is also evident as the chart picture for gold has turned significantly more positive in recent trading sessions. December gold last traded up $8.30 an ounce at $1,374.00.