Gold prices have pushed above unchanged and are holding modest gains in mid-morning dealings Wednesday. Some weaker-than-expected U.S. economic data released Wednesday morning has prompted some short- covering and bargain-hunting buying interest in gold. Also, the U.S. dollar index has backed down from its daily high following the disappointing batch of U.S.
data. Industrial production fell short of expectations, while the Empire State manufacturing survey was also downbeat. June Comex gold futures were last traded up $3.60 an ounce at $1,196.20.
