Gold prices are moderately higher and hit a fresh three-month high in late-morning trading Thursday. The very weak U.S. dollar index that hit a four-month low Thursday is an underlying bullish factor for gold and the precious metals markets. The gold market bulls have also gained upside technical momentum this week by producing an upside “breakout” from the recent trading range on the daily chart. Buy stop orders were also triggered when June gold futures pushed above key technical resistance levels on the daily chart. June gold was last up $7.70 an ounce at $1,226.10.
via Kitco 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.