Gold prices ended the U.S. day session moderately higher and hit a 3.5-month high Thursday, on follow-through buying strength after Wednesday’s solid gains.
Prices are now closing in on $1,200.00 an ounce.
Bullish near-term technical momentum continues to build for the yellow metal, and to a lesser extent for silver, whose prices are hovering at a nearly four-month high.
December Comex gold was last up $7.30 at $1,187.10 an ounce.
December Comex silver was last up $0.038 at $16.15 an ounce.