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Gold Moves Up As U.S. Dollar Index Weakens

 

(Kitco News) - The morning dip in gold prices was perceived as a value-buying opportunity by many traders as the yellow metal has now moved to modestly higher levels on the day. The U.S. dollar index has fallen to its daily low in late-morning trading, and that's also prompting some buying interest in the metals markets. December gold was last up $2.20 an ounce at $1,294.20.



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