Solid price gains in gold, silver amid sharp drop in USDX

Gold and silver prices are posting good advances in early U.S. trading Monday, boosted by another sharp decline in the U.S. dollar index, which hit a two-week low overnight. A dip in U.S. Treasury yields to start the trading week is also a positive for the precious metals markets. More short covering in the futures markets is featured. October gold was last up $14.50 at $1,732.80 and December silver was up $0.683 at $19.445.

 

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