Gold Extends Early Gains Amid Sharp Sell-Off in U.S. Dollar Index
New York (Mar 21) Gold prices are moderately higher and have added on to early gains as the U.S. dollar index is suffering a big sell off Friday. The dollar index is poised to close at a bearish weekly low close, which would be a technical clue the dollar index has put in at least a near-term market top. Meantime, gold prices have hit a two-week high Friday morning and are in a position to close at a bullish weekly high close Friday, which would be one technical clue the yellow metal has put in a near-term market low. April gold futures were last up $13.50 an ounce at $1,182.80.