Gold Steady-Firm; Some Safe-Haven Buying Heading into Weekend

Gold prices are steady to modestly higher in early U.S. trading Friday, on mild bargain hunting and some safe-haven demand heading into the weekend. Also, gold is still seeing some buying interest in the wake of Wednesday’s FOMC meeting that is being deemed a bit dovish. However, a firmer U.S. dollar index and big gains in world stock markets are limiting the upside in gold and silver. February Comex gold was last up $3.10 at $1,198.00 an ounce. Spot gold was last down $0.30 at $1,198.00. March Comex silver last traded down $0.019 at $15.915 an ounce.

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