Gold Prices Return to 8-Week High, Bullion Coins Unchanged

by Bullion Prices Staff on September 2, 2010

in Bullion Coins, Featured

U.S. bullion prices rose in unison Thursday, with gold rebounding to a fresh eight-week high and above $1,250 an ounce. A weaker dollar and safe-haven buying were noted catalysts. Investors are sitting on pins and needles waiting on Friday’s jobs report.

"The U.S. dollar index was trading lower Thursday, pressured in part by some better economic news coming out of the European Union that did support the Euro currency. The greenback bulls are fading this week. Further weakness in the U.S. currency will continue to attract buying interest in the precious yellow metal," noted Jim Wyckoff of Kitco News.

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