gold is up again over 1200
February Comex gold was last up $8.70 at $1,208.10 an ounce. Spot gold was last up $10.30 at $1,209.25.
The U.S. dollar index hit a four-year high Wednesday and the Euro currency fell to a two-year low against the greenback. This was an underlying negative for the precious metals markets today that did limit the upside. The latest European Union purchasing managers index (PMI) came in weaker than expected Wednesday, which pressured the Euro. The data firm Markit reported the said the composite EU PMI for November was 51.1 versus 52.1 in October. A reading above 50.0 suggests the sector is growing.
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