Gold price pushes to 5-month high

Gold prices are slightly higher in early U.S. trading Monday and did poke to another five-month high. Gold and silver bulls remain in technical control amid near-term price uptrends firmly in place. Fears of rising inflationary pressures are also inviting new buying interest in the hard-asset precious metals. December gold was last up $3.10 at $1,871.50 and December Comex silver was last down $0.046 at $25.30 an ounce.

Global stock markets mostly up in overnight trading. The U.S. stock indexes are pointed to firmer openings when the New York day session begins. Traders and investors are weighing the bullish aspect of upbeat third-quarter corporate earnings reports versus the bearish implications of rising inflationary pressures.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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