Comex gold futures prices have rallied from lower price levels seen in early trading Tuesday, and are now trading higher and near the daily high. December Comex gold last traded up $8.70 at $1,259.80 an ounce. As has been the case recently, gold traders took the opportunity to do some bargain hunting and "bought the dip" in prices Tuesday. Safe-haven buying interest is also evident in gold Tuesday, as the U.S. dollar index and U.S. Treasury prices are rallying, while the U.S. stock indexes are weaker.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com

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