Gold Pares Earlier Losses On Bargain Hunting
(Kitco News) - Gold prices are trading near steady or just slightly lower in late-morning action Tuesday, and have erased most of earlier losses. The yellow metal is trading back above the key $1,300.00 level. Bargain hunters once again stepped in to "buy the dip" in gold prices. Shorter-term futures traders are also doing some short covering (the buying back of previously sold, or short positions). August gold was last down $0.90 at $1,302.40.
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