Gold Hits 3-Month High on More Chart-Based Buying, Tame Yellen Remarks

(Kitco News) - Gold prices ended the U.S. day session with good gains and hit a more-than-three-month high Tuesday. The market was boosted by the increasingly bullish near-term technical posture of gold, and by non-threatening comments made by Fed chief Janet Yellen. April gold was last up $15.80 at $1,290.40 an ounce. Spot gold was last quoted up $15.40 at $1291.00. March Comex silver last traded up $0.068 at $20.18 an ounce.