(Kitco News) - Gold prices ended the U.S. day session with good gains and hit a six-week high Wednesday. The U.S. dollar index also backed way off its daily high to trade sharply lower in early afternoon trading, which also supported the precious metals market bulls. The gold market bulls are out of the gates in fairly good fashion to start 2017. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,200.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at $1,160.00.
January 11, 2017 19:20 UTC