Gold Firmer on Short Covering, Bargain Hunting, and as U.S. Dollar Index Backs Down

Gold prices ended the U.S. trading session modestly higher Wednesday. Some weaker-than-expected U.S. economic data released Wednesday morning prompted some short- covering and bargain-hunting buying interest in gold. Also, the U.S. dollar index backed down from its overnight high following the disappointing batch of U.S. data. June Comex gold futures were last traded up $4.20 an ounce at $1,196820. May Comex silver was last up $0.059 at $16.22 an ounce.

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