By Jim Wyckoff of Kitco News www.kitco.com
Comex gold futures prices have pushed above unchanged at midday Friday.

Safe-haven buying interest amid reports Hungary is in deep financial trouble, along with rumors of more banking troubles in European Union countries, did put a bid back into the gold market after prices had been weaker earlier.

The Euro currency continues to slump and hit another fresh four-year low Friday. Bargain-hunting buying on the price dip was also featured in gold, following the recent modest selling pressure. August gold last traded up $6.60 and ounce at $1,216.80.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com

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