A.M. Kitco Metals Roundup: Gold Firmer on Bullish News from Asia, Short Covering
(Kitco News) - Gold futures prices are moderately higher in early U.S. trading Tuesday. Some better demand for physical gold from Asia and fresh economic stimulus measures from China are prompting short covering and bargain hunting in gold and silver markets. The outside markets are also in a mildly bullish posture for the precious metals Tuesday, as the U.S. dollar index is weaker and crude oil prices are firmer. April Comex gold last traded up $8.70 at $1,581.10 an ounce. Spot gold was last quoted up $7.30 at $1,582.25. May Comex silver last traded up $0.389 at $28.895 an ounce.