Gold prices are moderately higher in early U.S. trading Thursday, on some bargain hunting in the cash market and short covering in the futures. The key “outside markets” are in a somewhat bullish posture for the precious metals so far Thursday, as the U.S. dollar index is slightly lower and crude oil prices are higher. Also, gold has gotten a boost in the aftermath of an FOMC meeting that is being deemed a bit dovish. There is still some safe-haven demand for gold amid this week’s steep slide in the Russian ruble. February Comex gold was last up $6.70 at $1,201.40 an ounce. Spot gold was last up $12.30 at $1,201.75. March Comex silver last traded up $0.052 at $15.985 an ounce.
