Buying on the dips.
by Frik Els:
The price of contract gold increased Tuesday, ending a three-session drop that at one point saw the metal trading at four-month lows.
February gold settled at $1,662 an ounce in New York, up just short of $16, or 1% on the day and held onto the day's gains in after hours trading.
Buying was set off by signs of strong physical demand particularly from China ahead of the Lunar New Year holiday. ...