Gold Moves Up From Daily Lows As Traders Buy The Dip
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![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif?0.2924175530478188)
(Kitco News) - Gold priceshave erased moderate early losses in late-morning actionFriday. Would-be bargain hunters have stepped in to buy therecent dip in prices. Also, the U.S. dollar index has dropped from its dailyhigh and is presently trading just below unchanged, and that's also asupportive factor for the precious metals markets. However, a rallying U.S.stock market today and little risk aversion in the marketplace at present arestill keeping gold and silver buyers timid. Aprilgold was last up $0.10 at$1,321.90.
By Jim Wyckoff
For Kitco News
Follow @jimwyckoff
jwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.