Gold Firmer On Bullish Daily Outside Markets

(Kitco News) – Gold prices were ending the U.S. day session with moderate gains Wednesday, on a corrective bounce from recent selling pressure that drove prices to a seven-week low Tuesday. The key “outside markets” were in a bullish daily posture for the precious metals markets, as the U.S. dollar index was weaker and crude oil prices were solidly higher. June Comex gold was last up $4.50 an ounce at $1,220.60. July Comex silver was last up $0.138 at $16.205 an ounce.

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