Tuesday April 29, 2014 10:08 AM
(Kitco News) - The gold markets, both cash and futures, have pushed up from early lower price levels to trade above unchanged in mid-morning dealings Tuesday.
Bargain hunting and short covering are featured after last week's gains that did hint the gold market has put in a near-term low. Safe-haven buying continues to underpin the gold market, amid the ongoing tensions between Russia and Ukraine, and the U.S. and European responses to that situation.
June gold last traded up $0.40 an ounce at $1,299.40.
Bargain hunting and short covering are featured after last week's gains that did hint the gold market has put in a near-term low. Safe-haven buying continues to underpin the gold market, amid the ongoing tensions between Russia and Ukraine, and the U.S. and European responses to that situation.
June gold last traded up $0.40 an ounce at $1,299.40.
By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
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