(Kitco News) – Gold prices have erased moderate early losses in late-morning trading Tuesday. Bargain hunters have stepped up in the cash market and squeamish shorts are covering their positions in the futures market. Golds gains, while only modest, are still impressive today given the U.S. stock indexes that this week are at record highs and the U.S. dollar index remains resilient. December gold was last up $2.60 an ounce at $1,459.50.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
