A.M. Kitco Metals Roundup: Gold Firmer On More Short Covering, Bargain Hunting

(Kitco News) - Gold prices are modestly higher in early U.S. trading Tuesday, on some more short-covering and bargain hunting, and on some follow-through technical buying after Monday's solid gains. Bulls are trying to forge a market bottom but still have more work to do in the near term to better suggest such. August gold was last up $1.10 at $1,256.80 an ounce. Spot gold was last quoted up $5.10 at $1,258.25. September Comex silver last traded down $0.003 at $19.575 an ounce.