Gold Extends Early Gains On Risk Aversion

Kitco News/Jim Wyckoff/04-11-17

Safe-haven gold is sporting solid price gains in morning U.S. trading Tuesday. Keener risk aversion is seen in the marketplace early this week.

U.S.-North Korea tensions are on the rise as U.S. warships steam toward waters off the Korean peninsula. U.S. and Russian government officials are also meeting early this week, after the U.S. sent 59 Tomahawk missiles into Syria last week. World stock markets have become a bit more wobbly in recent sessions, and that’s also benefitting the gold market bulls. The near-term chart posture for gold remains bullish, and that’s inviting the technical buyers into the market, too. June Comex gold was last up $13.70 an ounce at $1,267.50.

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