Gold Pushes Higher On Short Covering, Weakening U.S. Dollar Index

Posted by Jim Wyckoff via Kitco

Share on Facebook

Tweet on Twitter

Comex gold futures are trading modestly higher and near the daily high near midday Wednesday. The market is getting a lift from short covering after this week’s selling pressure that saw prices hit a three-week low in earlier trading. Gold is also getting a boost from the U.S. dollar index hitting a six-week low and trading near its daily low at midday Wednesday. December gold last traded up $4.50 an ounce at $1,286.80.

The Inside Edge Service

I know Mike is a very solid investor and respect his opinions very much. So if he says pay attention to this or that - I will.

~ Dale G.
I've started managing my own investments so view Michael's site as a one-stop shop from which to get information and perspectives.

~ Dave E.
Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.

~ der_al.
A sane voice in a scrambled investment world.

~ Ed R.