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Gold Moves Up From Daily Lows As Traders Buy The Dip

Kitco News

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have erased moderate early losses in late-morning action Friday. Would-be bargain hunters have stepped in to buy the recent dip in prices. Also, the U.S. dollar index has dropped from its daily high and is presently trading just below unchanged, and that's also a supportive factor for the precious metals markets. However, a rallying U.S. stock market today and little risk aversion in the marketplace at present are still keeping gold and silver buyers timid. April gold was last up $0.10 at $1,321.90.

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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