Jim Wyckoff: “GOLD UPDATE: Gold Pushes To Daily High On Safe-Haven Buying And As U.S. Dollar Index Slumps” – Kitco

Posted on :Aug 20, 2013

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.

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