Many traders saw early price weakness as a value-buying opportunity and jumped on board the long side. An eroding U.S. dollar index as the session progressed also worked in favor of the precious metals market bulls.<span>&nbsp;</span><a href="http://www.kitco.com/finance/futures/details.html?j1_module=futureDetail&amp;popup=1&amp;j1_symbol=GCZ17" target="_blank" rel="nofollow"><strong>December Comex gold</strong></a><span>&nbsp;</span>was last up $8.90 an ounce at $1,323.00.<span>&nbsp;</span><a href="http://www.kitco.com/finance/futures/details.html?j1_module=futureDetail&amp;popup=1&amp;j1_symbol=SIZ17" target="_blank" rel="nofollow"><strong>December Comex silver</strong></a><span>&nbsp;</span>was last up $0.102 at $17.605 an ounce.</p> <p>The gold market Thursday shrugged off an uptick in investor/trader risk appetite the past couple days. Some upbeat economic data from the U.S. on Wednesday, and from the Euro zone and China on Thursday, has worked to boost world stock markets.</p> <p>The<span>&nbsp;</span><a href="http://www.kitco.com/finance/details.html?j1_module=indiceDetail&amp;popup=1&amp;j1_symbol=%24DXY&amp;j1_region=US&amp;j1_selected=chart&amp;_hostparams=&amp;js=1" target="_blank" rel="nofollow"><strong>U.S. dollar index</strong></a><span>&nbsp;</span>was higher in overnight trading and early Thursday, but then backed off when some uninspiring U.S. economic data was released this morning. The greenback bears have the firm overall near-term technical advantage.</p> <p>The other key outside market on Thursday saw<span>&nbsp;</span><a href="http://www.kitco.com/finance/futures/details.html?j1_module=futureDetail&amp;popup=1&amp;j1_symbol=CLQ17&amp;j1_region=US&amp;j1_selected=chart&amp;_hostparams=&amp;js=1" target="_blank" rel="nofollow"><strong>Nymex crude oil</strong></a><span>&nbsp;</span>futures solidly higher on a corrective bounce after hitting five-week low early on today. Oil prices are still in a four-week-old downtrend on the daily bar chart and the bears have the overall near-term technical advantage.</p> <p></p> <p>The major U.S. data point of the week is Friday’s employment situation report for August from the Labor Department. The key non-farm jobs number was forecast to come in at up around 180,000. However, Wednesday’s higher-than-expected ADP jobs number has many thinking Friday’s employment report will also be a surprise to the upside.</p> <p align="center"><a href="http://www.kitco.com/charts/livegold.html" target="_blank" rel="nofollow"><img id="chart_live_gold" src="//specials-images.forbesimg.com/files/2017/31/59a8561760c5e5_66494098.jpg" alt="Live 24 hours gold chart [Kitco Inc.]" border="0" hspace="0" vspace="0" data-height="400" data-width="630" /></a></p> <div class="vestpocket" vest-pocket=""></div> <p>Technically,<span>&nbsp;</span><a href="http://www.kitco.com/finance/futures/details.html?j1_module=futureDetail&amp;popup=1&amp;j1_symbol=GCZ17" target="_blank" rel="nofollow"><strong>December gold</strong></a><span>&nbsp;</span>futures prices closed near the session high, scored a bullish “outside day” up on the daily bar chart and closed at a bullish monthly high close and a 10-month high close today. The gold bulls have the solid overall near-term technical advantage. Prices are in a steep seven-week-old uptrend on the daily bar chart. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,350.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at $1,290.00. First resistance is seen at $1,325.00 and then at this week’s high of $1,331.90. First support is seen at $1,307.00 and then at $1,300.00. Wyckoff's Market Rating: 7.5</p> <p align="center"><a href="http://www.kitco.com/charts/livesilver.html" target="_blank" rel="nofollow"><img src="//specials-images.forbesimg.com/files/2017/31/59a8561a983eb8_57837478.jpg" alt="Live 24 hours silver chart [ Kitco Inc. ]" border="0" hspace="0" vspace="0" data-height="400" data-width="630" /></a></p> <p><a href="http://www.kitco.com/finance/futures/details.html?j1_module=futureDetail&amp;popup=1&amp;j1_symbol=SIZ17" target="_blank" rel="nofollow"><strong>December silver</strong></a><span>&nbsp;</span>futures prices closed nearer the session high, closed at a bullish monthly high close and closed at a 2.5-month high close today. The silver bulls have the overall near-term technical advantage. Prices are in a seven-week-old uptrend on the daily bar chart. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $18.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at the August low of $16.56. First resistance is seen at this week’s high of $17.755 and then at the June high of $17.92. Next support is seen at today’s low of $17.34 and then at $17.25. Wyckoff's Market Rating: 6.5.</p> <p>December N.Y. copper closed up 95 points at 309.70 cents today. Prices closed nearer the session low and did hit another three-year high today. The copper bulls have the solid overall near-term technical advantage. Prices are in a four-month-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 325.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 295.00 cents. First resistance is seen at today’s high of 313.55 cents and then at 315.00 cents. First support is seen at Tuesday’s low of 307.65 cents and then at this week’s low of 305.95 cents. Wyckoff's Market Rating: 8.0.</p> <div class="author-resume "><a href="http://www.kitco.com/reporters/JimWyckoff/" target="_blank" rel="nofollow">By<span>&nbsp;</span><span>Jim Wyckoff</span></a>For <span>&nbsp;</span><span><a href="http://www.kitco.com/" target="_blank" rel="nofollow">Kitco News</a></span> <p></p></div>" readability="23">

(Kitco News) -Gold prices were ending the U.S. day session Thursday with good gains and were poised to close at a bullish monthly high close and a 10-month high close. Many traders saw early price weakness as a value-buying opportunity and jumped on board the long side. An eroding U.S. dollar index as the session progressed also worked in favor of the precious metals market bulls.December Comex goldwas last up $8.90 an ounce at $1,323.00.December Comex silverwas last up $0.102 at $17.605 an ounce.

The gold market Thursday shrugged off an uptick in investor/trader risk appetite the past couple days. Some upbeat economic data from the U.S. on Wednesday, and from the Euro zone and China on Thursday, has worked to boost world stock markets.

TheU.S. dollar indexwas higher in overnight trading and early Thursday, but then backed off when some uninspiring U.S. economic data was released this morning. The greenback bears have the firm overall near-term technical advantage.

The other key outside market on Thursday sawNymex crude oilfutures solidly higher on a corrective bounce after hitting five-week low early on today. Oil prices are still in a four-week-old downtrend on the daily bar chart and the bears have the overall near-term technical advantage.

The major U.S. data point of the week is Friday’s employment situation report for August from the Labor Department. The key non-farm jobs number was forecast to come in at up around 180,000. However, Wednesday’s higher-than-expected ADP jobs number has many thinking Friday’s employment report will also be a surprise to the upside.

Live 24 hours gold chart [Kitco Inc.]

Technically,December goldfutures prices closed near the session high, scored a bullish “outside day” up on the daily bar chart and closed at a bullish monthly high close and a 10-month high close today. The gold bulls have the solid overall near-term technical advantage. Prices are in a steep seven-week-old uptrend on the daily bar chart. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,350.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at $1,290.00. First resistance is seen at $1,325.00 and then at this week’s high of $1,331.90. First support is seen at $1,307.00 and then at $1,300.00. Wyckoff's Market Rating: 7.5

Live 24 hours silver chart [ Kitco Inc. ]

December silverfutures prices closed nearer the session high, closed at a bullish monthly high close and closed at a 2.5-month high close today. The silver bulls have the overall near-term technical advantage. Prices are in a seven-week-old uptrend on the daily bar chart. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at $18.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at the August low of $16.56. First resistance is seen at this week’s high of $17.755 and then at the June high of $17.92. Next support is seen at today’s low of $17.34 and then at $17.25. Wyckoff's Market Rating: 6.5.

December N.Y. copper closed up 95 points at 309.70 cents today. Prices closed nearer the session low and did hit another three-year high today. The copper bulls have the solid overall near-term technical advantage. Prices are in a four-month-old uptrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 325.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 295.00 cents. First resistance is seen at today’s high of 313.55 cents and then at 315.00 cents. First support is seen at Tuesday’s low of 307.65 cents and then at this week’s low of 305.95 cents. Wyckoff's Market Rating: 8.0.