Gold Solidly Up, Hits 4-Week High, on Bullish Fundamentals
Gold prices ended the U.S. day session solidly higher, pushed above the key $1,200.00 mark and hit a four-week high Thursday. The yellow metal was boosted by bullish remarks from the Federal Reserve chair on Wednesday afternoon and on safe-haven demand due to Greece debt worries. Short covering and fresh speculative buying were also featured. August Comex gold was last up $24.50 at $1,201.40 an ounce. July Comex silver was last up $0.218 at $16.16 an ounce.