P.M. Kitco Roundup: Comex Gold Rebounds on Bargain Hunting, Short Covering

(Kitco News) - Comex gold futures prices put on a late-morning surge and held those gains into the close Wednesday, to finish solidly higher in the day. The market saw more short-covering, bargain hunting and a technically related bounce following recent selling pressure. December Comex gold was last up $19.00 at $1,335.30 an ounce. Spot gold was last quoted up $12.30 at $1335.75. December Comex silver last traded up $0.274 at $21.860 an ounce.