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Gold Sells Off As U.S. Dollar Posting Good Gains

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have lost their early modest gains and are trading lower and near the session low in late-morning action Wednesday. The U.S. dollar index is showing solid gains on the day, which is prompting some profit-taking pressure from the shorter-term gold traders, following recent gains. February gold last traded down $6.40 an ounce at $1,179.20.

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

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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