Gold Prices Erase Morning Losses As Bargain Hunters Step In

(Kitco News) – Gold and silver prices are trading near unchanged in late-morning dealings Tuesday, and have erased modest early losses. With the technical postures of both metals continuing to favor the bulls, buyers are willing to step in to buy the dips on notions prices will continue to trend sideways to higher in the near term. A weaker U.S. dollar index and firmer crude oil prices today are also working in favor of the precious metals market bulls. April gold was last up $0.20 at $1,329.70.

By Jim Wyckoff
For Kitco News


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