Gold Extends Early Losses As Outside Markets Turn More Bearish
Monday February 13, 2017 10:06
(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; email@example.com
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