(Kitco News) - Gold prices are modestly higher in early U.S. trading Wednesday, on some more short covering and bargain hunting buying interest. The key outside markets are also in a bullish posture for the precious metals Wednesday morning, as the U.S. dollar index is lower and crude oil prices are higher. Trading in many markets, including the metals, is likely to be subdued ahead of Wednesday afternoon’s conclusion of the Federal Reserve’s FOMC meeting. February gold last traded up $4.50 at $1,665.30 an ounce. Spot gold was last quoted up $2.30 at $1,666.75. March Comex silver last traded up $0.166 at $31.35 an ounce.
|