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Gold, silver prices power to daily highs, bulls gain momentum



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(Kitco News) – Gold and silver prices have extended early gains and hit new daily highs during the late-morning action. Demand for a safe harbor and technically related purchases is pushing metal prices up north, with silver delivering very strong gains. With geopolitical issues still close to the market burner and with the significantly improved chart positions for both metals early this week, look for more price understanding in the near term.
Futures for gold in December were last up $ 15.40 at $ 1,530.60 and December silver was last up $ 0.816 to $ 18.66 ounces.

Disclaimer: The views expressed in this article are views of the author and may not reflect those of Kitco Metals Inc. The author has done his utmost to ensure the accuracy of the information provided; However, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a challenge to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept damages for losses and / or damages resulting from the use of this publication.


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