Gold Post Sharp Gains, Hits 6-Week High, as Bulls Gain Technical Momentum

(Kitco News) - Gold prices ended the U.S. day session sharply higher and hit a six-week high Thursday. The rally was fueled by short covering and technical buying, including pre-placed buy stop orders being triggered. The U.S. dollar index traded solidly lower Thursday, and that was also a bullish daily "outside market" force working in the gold and silver bulls' favor.