Gold Near Steady, At Daily Highs, In Late-Morning Action
(Kitco News) - Gold prices have erased modest early losses and are trading near the session highs as traders once again bought the overnight dip in prices. A lower U.S. dollar index today is working in favor of the gold market bulls. Also, the near-term technical posture for gold remains bullish, as prices are in an uptrend on the daily bar chart. That continues to invite chart-based buyers. June gold was last up $0.60 at $1,284.00.
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