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All-time highs in gold price in sight as bulls keep the pedal to the metal

Thursday July 23, 2020 12:59

Gold prices are solidly higher and near their session highs in midday U.S. trading Thursday and pushed to another nearly nine-year high. Silver hit another 6.5-year high overnight, but then backed off a bit on some normal profit taking from the shorter-term futures traders. Gold is not far below the record high of $1,920.70 scored in 2011, basis Comex futures. Given recent bullish price action, the record high is within reach now. August gold futures were last up $27.00 an ounce at $1,891.90. September Comex silver prices were last down $0.114 at $23.035 an ounce.