Comex gold futures have extended gains and are trading solidly higher and near the weekly high Thursday at midday. June gold was last traded up $15.00 an ounce at $1,190.00. Bulls are now eyeing pushing gold prices above psychological resistance at $1,200.00 an ounce. Safe-haven buying of gold in the face of the ongoing European Union sovereign debt crisis continues to support the market. Buying interest in gold was also accentuated Thursday at midday when U.S. stock indexes weakened further, while crude oil prices also sold off further and are trading at 2.5-month lows.
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