Gold Erases Modest Early Losses

(Kitco News)- Gold prices are trading near steady levels inlate-morning action Friday, and have recovered small losses seen overnight andin earlier U.S.-session trading. Short covering in the futures market and somebargain hunting in the cash market heading into the weekend are featured. Thereare also some geopolitical crosscurrents in play that could be limiting sellinginterest in the safe-haven gold market. Comex June gold was last up $0.10 at$1,289.60.

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@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.

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