(Kitco News) – Gold prices ended the U.S. day session modestly higher and hit a three-week high Wednesday. The yellow metal came within a whisker of pushing above the key $1,200.00 mark, basis April Comex futures. Several fundamental factors worked in favor of the precious metals Wednesday, including a slumping U.S. dollar index that continues to be a major bullish underlying theme for most raw commodity markets. April Comex gold was last up $5.70 at $1,197.00 an ounce. May Comex silver was last up $0.017 at $17.00 an ounce.
