OM ADVISORY ..09173020055..08238187446

– Gold prices are sharply higher and trading at a five-week high in mid-morning dealings Thursday. Safe-haven demand is the feature as world stocks markets sold off overnight and U.S. stock indexes are under pressure Thursday morning. The weakening U.S. dollar index late this week is also a bullish “outside market” force working in favor of the precious metals bulls on this day. The near-term technical posture for gold has also improved markedly this week. Prices are now in a four-week-old uptrend on the daily bar chart. A bullish weekly high close in gold on Friday would be a strong clue that the price uptrend on the daily chart can be sustained over the near term. December gold was last up $26.00 an ounce at $1154
OM ADVISORY ..09173020055..08238187446

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