Gold Prices Move Above Unchanged, At Daily Highs, As USDX Backs Off
(Kitco News) - Gold prices have moved to slightly higher levels and are at their daily highs in midday trading Friday. The U.S. dollar index has moved modestly lower and is trading near its daily low, which has prompted a bit of buying interest in the gold and silver markets--most of which is short covering by the futures traders heading into the weekend. August gold was last up $1.00 an ounce at $1,226.80.
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