Gold Sells Off As U.S. Dollar Posting Good Gains
Wednesday January 11, 2017 10:04
(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; email@example.com
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