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Gold price rebounds on short covering, some safe-haven demand

From kitco.com

Gold and silver prices are higher in early U.S. trading Tuesday, on corrective price rebounds from recent selling pressure and on short covering from the shorter-term futures traders. A bit of safe-haven demand is also featured today, amid recent higher volatility in the currency markets. October gold was last up $13.80 at $1,637.50 and December silver was up $0.295 at $18.775. Global stock markets were mixed to firmer overnight. U.S. stock indexes are pointed to higher openings when the New York day session begins, on corrective bounces from recent solid losses. The Dow Jones Industrial Average on Monday slipped ... (full story)

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  • Category: Fundamental Analysis