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(Kitco News) - Gold priceshave erased moderate early losses in late-morning actionFriday. Would-be bargain hunters have stepped in to buy therecent dip in prices. Also, the U.S. dollar index has dropped from its dailyhigh and is presently trading just below unchanged, and that's also asupportive factor for the precious metals markets. However, a rallying U.S.stock market today and little risk aversion in the marketplace at present arestill keeping gold and silver buyers timid. Aprilgold was last up $0.10 at$1,321.90.
By Jim Wyckoff
For Kitco News
Follow @jimwyckoff