A.M. Kitco Metals Roundup: Gold Firmer on Short Covering, Bargain Hunting, Weaker U.S. Dollar Index
(Kitco News) - Gold futures prices are trading modestly higher in early U.S. trading Thursday. A lower U.S. dollar index has prompted some short covering and bargain hunting in both gold and silver markets. Traders are awaiting some key economic data due out the next couple days for price direction. April Comex gold last traded up $6.00 at $1,580.90 an ounce. Spot gold was last quoted down $2.40 at $1,582.50. May Comex silver last traded up $0.087 at $28.89 an ounce.