(Kitco News) - Comex gold futures prices ended the U.S. day session with moderate gains and hit a fresh four-week high Thursday, after falling solid under selling pressure in mid-morning trading. Traders quickly stepped in to buy the morning dip in gold prices and do some bargain hunting. The key “outside markets” were also in a bullish posture for the precious metals Thursday—a weaker U.S.
dollar index and higher crude oil prices. Both the gold and silver bulls gained fresh upside near-term technical momentum on Thursday. February gold last traded up $7.60 an ounce at $1,690.80. Spot gold was last quoted up $11.10 at $1,691.50. March Comex silver last traded up $0.238 at $31.77 an ounce.
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