View full page at cryptocraft.com

 

Gold, silver powered higher by a bullish cocktail, including safe-haven demand

From kitco.com

Gold and silver prices are sharply higher in midday U.S. trading Tuesday, with gold scoring a three-week high and silver a three-month high. Bulls showed important follow-through buying strength Tuesday, after Monday’s solid gains, to suggest still more upside for both metals in the near term. December gold was last up $32.40 at $1,734.60 and December silver was up $0.606 at $21.195. Trading so far this week sees a sharply lower U.S. dollar index, rallying crude oil prices, falling U.S. Treasury yields and safe-haven demand—a fully fundamental bullish cocktail for the two precious metals. The near-term chart postures ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis