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Gold trades both sides of unchanged as market consolidates
Gold prices are near steady and silver prices solidly higher in midday U.S. trading Thursday. Selling interest in the precious yellow metal is being limited by a wilting U.S. dollar index that overnight hit a 3.5-year low today. Buying interest is being limited by de-escalating tensions in the Middle East that have boosted risk appetite. August gold was last steady at $3,343.00. July silver prices were last up $0.449 at $36.545. The gold market appears to be consolidating and backing and filling as traders await fresh fundamental developments to drive market action. U.S. stock indexes are posting good gains today as ... (full story)