Gold Moves Up From Daily Lows As Traders Buy The Dip
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(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.