Gold Adds to Gains As Midday Approaches
(Kitco News) - Gold prices are solidly higher and near their session highs as midday approaches. Traders continue to do some short covering in the futures market and bargain hunting in the cash market, after the yellow metal hit a 12-month low overnight. A U.S. dollar index that is lower today is helping out the precious metals market bulls. August gold was last up $15.70 at $1,257.50.
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