Gold prices ended the U.S. day session modestly higher Wednesday, supported by short covering in the futures market, bargain hunting in the cash market, and on some fresh demand for physical gold coming out of Asia. The weaker U.S. dollar index and firmer crude oil prices were also a bullish outside markets working in favor of the precious metals bulls Wednesday. April Comex gold was last up $4.60 at $1,201.90 an ounce. May Comex silver was last up $0.242 at $16.475 an ounce.
