By Jim Wyckoff
06 May 2010, 2:14 p.m.

Comex gold futures closed solidly higher, near the session high, hit a fresh five-month

high and came within an eyelash of hitting they key technical level of $1,200.00 an ounce Thursday. Safe-haven buying interest and strong investment demand for physical gold have combined with bullish technicals to drive gold prices north. June Comex gold closed up $22.30 an ounce at $1,197.30 Thursday.