Indicators that gold and silver are performing today on a high note are getting some excited.
According to Kitco News:
(Kitco News) - Gold prices are slightly up and silver prices are sharply higher and hit a two-month high in early U.S. trading Thursday. Bullish technical charts are fueling speculative buying interest in the two precious metals. However, gold is being constrained a bit by an up-tick in trader/investor risk appetite this week. April gold was last up $2.10 at $1,969.00 and May silver was up $0.459 at $23.93.
This has also caught the attention of Reuters, who wrote:
March 30 (Reuters) - Gold prices edged up on Thursday, helped by a softer dollar as investors lie in wait for economic data to gauge the U.S. Federal Reserve's rate-rise path.
Spot gold was up 0.3% at $1,969.13 per ounce, as of 1157 GMT. U.S. gold futures rose 0.1% at $1,986.30.
The dollar index eased 0.2%, making gold more attractive for overseas buyers.
Spot silver rose 1.8% to $23.76 per ounce.
To read the full Kitco News article, go here.
To read the full Reuters article, go here.
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