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Gold pares losses as traders step in to buy the dip

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices are holding near steady in morning dealings Wednesday, and have regained the moderate losses seen in overnight action. The gold market remains fully bullish, technically, which continues to allow traders to step in and buy dips in prices. A lower U.S. dollar index today is also prompting some buying interest in the precious metals markets. December gold was last down $0.40 at $1,555.30.

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