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Gold Extends Early Losses As Outside Markets Turn More Bearish

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(Kitco News) - Gold prices are solidly lower and trading near the daily lows in late-morning action Monday. The outside markets have turned more bearish today, as the U.S. dollar index is higher and near its daily high, while crude oil futures prices are down and near their session lows. Meantime, U.S. stock indexes are up and have set new record highs, and that's also a negative for the safe-haven gold market. April gold futures were last down
$12.60 an ounce at $1,223.60.

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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