A.M. Kitco Metals Roundup: Gold Firmer On Short Covering; Why Tapering May Be Bullish for Metals

(Kitco News) - Gold prices are modestly higher in early U.S. trading Friday, on short covering and some perceived bargain hunting after prices Thursday hit a four-month low. The weaker U.S. dollar index is also a bullish "outside market" factor for the precious metals markets Friday morning. Read below why the Federal Reserve's "tapering" of its monetary policy could actually be bullish for gold and silver. February Comex gold was last up $3.40 at $1,247.70 an ounce. Spot gold was last quoted u...