Gold Price Pares Losses As US Dollar Index Weakens...but rises in late morning

New York (Mar 9)  Gold prices are trading lower but well up from the daily lows in late-morning dealings Wednesday. The U.S. dollar index has backed off from its daily high and is presently trading below unchanged on the day, which has inspired some "buy the dip" interest in gold. April gold was last down $8.40 an ounce at $1,254.10.

By 11am EST spot gold edged back $3 to $1257 as silver rose 1% to $15.42 on lackluster volume. Platinum rose nearly $12 to $985, while pa;l;adim surged nearly $20 to $571.

Source: KitcoNews