Gold Traders Quickly Step In To Buy Today's Dip

(Kitco News) - Goldprices briefly slipped below unchanged levels inmid-morning U.S. dealings Tuesday. However, traders quickly stepped in to"buy the dip" in prices, to push gold back above unchanged and totrade modestly up on the day. A slumping U.S. dollar index early this week isworking in favor of the precious metals market bulls. Aprilgold was last up$3.70 an ounce at $1,330.10.

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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