Gold Prices Climb As Traders “Buy The Dip”

(Kitco News) – In bull-market runs any price pullbacks are viewed as bargain-buying opportunities. Such is the case with gold on Friday. Early gains were lost, only to have buyers step right in on the dip. The U.S. stock market is also seeing more selling pressure as midsession approaches. Good gains in crude oil prices today are also working in favor of the metals market bulls. December gold was last up $4.80 at $1,514.20.

By Jim Wyckoff
For Kitco News


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