P.M. Kitco Roundup: Gold Sharply Higher On Heavy Short Covering, Safe-Haven Demand, And On Sharply Lower Greenback

Kitco News) - Gold prices ended the U.S. day session sharply higher and pushed well above the key $1,300.00 level Thursday. Heavy short covering was featured in the futures market as well as some safe-haven buying interest, overall. The sharply lower U.S. dollar index was also a bullish daily "outside market" force for the precious metals markets Thursday. December Comex gold was last up $37.90 at $1,320.80 an ounce. Spot gold was last quoted up $38.50 at $1321.50. December Comex silver last tr...