Gold Prices Gain, Hit 5-Wk. High, On Safe-Haven, Technical Buying Jim Wyckoff Tuesday December 04, 2018 12:55 Kitco NewsShare this article:
(Kitco News) - Gold prices are moderately up and have scored a five-week high in early-afternoon U.S. trading Tuesday. Silver prices are also firmer and hit a three-week high today. The safe-haven metals are getting buying support from a big sell-off in the U.S. stock market today. The gold market is also benefiting from an improved near-term chart posture that is inviting technical buyers. Currently, gold prices are in an uptrend on the daily bar chart. February gold futures were last up $5.40 an ounce at $1,245.00. March Comex silver was up $0.156 at $14.65 an ounce.