Gold, silver see modest price gains, hit 6-week highs

Gold, silver see modest price gains, hit 6-week highs

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( Kitco News ) – Gold and silver futures prices are modestly up in early U.S. trading Friday, and did hit six-week highs overnight. The metals markets have been lifted this week due in part to a slumping U.S. dollar index that hit a nine-week low overnight. Safe-haven demand is also featured in the gold and silver markets Friday morning, heading into an uncertain weekend. December gold futures were last up $5.70 at $1,952.40 and December Comex silver was last up $0.569 at $25.76 an ounce.

The gold and silver markets have posted solid rallies in the wake of the U.S. elections, mostly boosted by the depreciating value of the U.S. dollar but also likely from safe-haven demand […]

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