Gold Pushes Just Above Unchanged on Mild Bargain Hunting, Short Covering

(Kitco News) – Gold prices have erased modest early losses and have moved to steady to slightly higher levels in late-morning trading Tuesday. Some bargain-hunting buying interest in the cash market and some short covering in the futures market are featured, after prices had dropped to a 3.5-month low early this week. August gold futures were last up $0.50 an ounce at $1,217.20.