Gold Traders "Buy the Dip," Push Prices Higher
(Kitco News) - Gold prices are moderately up and at their daily highs in late-morning action Monday. Overnight losses were seen as a buying opportunity by many traders--especially after the solid gains on Friday that produced a technically bullish weekly high close in prices. The U.S. dollar index has also dropped lower and is trading near its session low at present, which is also benefitting the precious metals market bulls. December gold was last up
$5.00 an ounce at $1,218.30.
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