Gold, Silver Posting Good Gains, At Daily Highs

(Kitco News) - Gold and silvermarkets are trading with decent gains and near theirdaily highs in late-morning action Tuesday. Bullish outside markets thatinclude a lower U.S. dollar index and crude oil prices that have surged to a3.5-year high above $75.00 a barrel in Nymex futures are boosting the preciousmetals, after they dropped to multi-month lows on Monday. Bargain hunting and shortcovering are the features today. Augustgold was last up $12.10 at $1,253.70 and SeptemberSilver was up 23 cents at $16.07.

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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