Gold Price Pushes Above Unchanged as Bargain Hunters Buy the Dip

New York (May 13)  Gold prices have moved just above unchanged on the daily, in late-morning dealings Friday. Short-term traders took the opportunity to "buy the dip" in prices, as the yellow metal continues to show the resiliency it takes to sustain a price uptrend. The gold market is seeing buying interest limited by bearish outside market forces on this day that include a solidly higher U.S. dollar index and lower crude oil prices. June gold was last up $1.00 an ounce at $1,272.10.

Source: KitcoNews