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JAN 10, 2013 - Forbes

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P.M. Kitco Metals Roundup: Gold Sharply Higher as Bargain Buyers Step in When U.S. Dollar Gets Pounded

(Kitco News) - Comex gold futures prices ended the U.S. day session solidly higher Thursday. The precious metals saw strong support come from the key outside markets that were in a bullish posture Thursday—a sharply lower U.S. dollar index and higher crude oil prices. Both gold and silver bulls are working hard to confirm that last week’s lows were near-term market bottoms, and Thursday’s price action lent more credence to such. February gold last traded up $22.20 an ounce at $1,677.70. Spot gold was last quoted up $20.40 at $1,679.00.  March Comex silver last traded up $0.651 at ... Read More

Tags: P.M. Kitco Metals Roundup: Gold Sharply Higher as Bargain Buyers Step in When U.S. Dollar Gets Pounded,  Futures Latest News