Gold Loses Early Gains On More Chart Consolidation
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(Kitco News) - Gold prices have erased their moderate early gains in morning dealings Friday. Some profit taking from the futures traders, heading into the weekend, and some normal backing and filling on the charts after the recent strong gains, are featured. The gold and silver market bulls are still enjoying the firm overall near-term technical advantage, which means the path of least resistance for prices will remain sideways to higher. December gold was last down 60 cents at $1,509.10.
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