By: Forbes Real Time
April 29, 2013 at 14:25 PM EDT
P.M. Kitco Metals Roundup: Solid Gains for Gold on More Technical Buying, Bullish Outside Markets
(Kitco News) - Comex gold futures ended the U.S. day session with good gains Monday. The bulls are continuing to repair recent chart damage and have gained upside near-term technical momentum to suggest a market bottom is now in place. The key “outside markets” were also in a bullish posture for the precious metals to start the new trading week, as the U.S. dollar index was lower and crude oil prices were higher. June Comex gold last traded up $14700 at $1,468.30 an ounce. Spot gold was last quoted up $6.60 at $1,470.00. July Comex silver last traded up $0.482 at $24.27 an ounce.
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