P.M. Kitco Metals Roundup: Gold Surges To 7-Week High On Safe-Haven, Technical Buying

(Kitco News) - Comex gold futures prices ended the U.S. day session sharply higher, near the daily high and hit a fresh seven-week high Thursday. Safe-haven buying was featured amid the sell- off in the U.S. stock market and the escalation in violence in Egypt. Technical buying was also seen Thursday around midday when key chart resistance levels were penetrated on the upside, which trigger buy-stop orders. The U.S. dollar index also sold off sharply around midday, which also gave the gold bulls...