Gold prices pushed to moderately higher levels in late-morning trading Tuesday and held those gains into the close of futures trading. More follow-through short covering in the futures market and bargain hunting in the cash market, following the big gains scored Monday, were featured today. The gold market got a boost when the U.S. dollar index extended its early losses to trade solidly lower on the day. There continues to be some safe-haven buying interest in the gold market amid the ongoing debt negotiations between Greece and the European Union/International Monetary Fund–which are not going well. June Comex gold was last up $11.00 at $1,214.20 an ounce. May Comex silver was last up $0.0251 at $16.65 an ounce.
