Gold Moves Up, Traders Buy The Dip
(Kitco News) - Gold prices at mid-morning Friday have moved up from steady-to-weaker levels seen just after the U.S. futures open. Bullish traders stepped in to buy the dip in prices, amid an uptrend in place on the daily bar chart.
Also, sellers are very timid heading into the weekend, what with the U.S.-Iran Persian Gulf situation simmering not far from the front burner of the marketplace. August gold was last up $4.40 an ounce at $1,411.20.
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