Gold Price Loses A Bit Of Steam On Profit Taking

New York (Sept 8)  Gold prices in late-morning trading Friday have backed down from the daily highs that saw the yellow metal hit a 12-month high earlier today. Some profit-taking from the shorter-term futures traders is featured, which is not unexpected. The gold market bulls are still holding all the good cards heading into an uncertain weekend. That means the sellers will remain very timid. December gold was last up $1.10 at $1,351.60.

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