(Kitco News) - Gold prices were ending the U.S. day session modestly higher and hit a six-week high Monday. Geopolitical developments in the Middle East and an increasingly bullish near-term technical posture are prompting trader and investor buying interest. Gold prices are now within striking distance of the key $1,300.00 mark. There are some new geopolitical tensions in the Middle East that are prompting a bit of risk aversion that is supporting the safe-haven gold market. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $18.00 an ounce.

Source: Forbes June 05, 2017 16:41 UTC