Gold Ends Firmer, Hits 4-Week High, on Safe-Haven Demand and Technical Buying

Gold prices ended the U.S. day session higher, hit a four-week high and pushed above what was psychological resistance at the $1,200.00 level Thursday. Safe-haven demand amid a flare-up in the Middle East and chart-based buying fueled the gold market bulls on this day. A rebound in the U.S. dollar index and the U.S. stock market during the U.S. trading session Thursday did help to pare stronger early gains seen in gold. April Comex gold was last up $7.30 at $1,204.40 an ounce. May Comex silver was last up $0.105 at $17.105 an ounce.

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