Gold prices ended the U.S. day session moderately higher Thursday and hit a three-month high, showing good follow-through strength from solid gains posted Wednesday.
Meantime, silver futures also hit a three-month high Thursday. Gold and silver bulls have gained upside technical momentum this week. Buy stop orders were triggered in both gold and silver futures markets Thursday, to help push prices higher. Some slight safe-haven demand for gold is also seen this week. June Comex gold was last up $6.70 at $1,225.00 an ounce. July Comex silver was last up $0.254 at $17.475 an ounce.
The U.S. dollar index hit a nearly four-month low in overnight trading but did rebound during U.S. dealings to trade just above unchanged. Meantime, the Euro currency pushed to a three-month high against the greenback Thursday.
….continue reading HERE