Metals Stocks: Gold sticks near 2-week highs as dollar index steadies

Gold prices dug in above $1,200 Wednesday after scoring a roughly two-week high a day earlier. Concerns that Italy’s budget woes could ripple through global markets, the factor lifting haven gold this week, had faded somewhat by Wednesday.

Read:Euro rebounds, then falls anew after report Italy will play by EU’s budget-deficit rules

In early trading, December gold GCZ8, -0.17% twitched between a small loss and small gain, last up less than 0.01% at $1,207.10 an ounce. Its finish Tuesday at $1,207 was the highest in nearly two weeks for a most-active contract, according to FactSet data. That settlement was above its 50-day moving average of $1,207.44, which hadn’t happened since April.

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