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Gold Pushes Back Above Unchanged As U.S. Dollar Weakens

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have erased modest losses that occurred in the immediate aftermath of some upbeat U.S. economic data that was released Wednesday morning. The yellow metal has firmed up and has moved above steady levels on the day as the U.S. dollar index has lost most of its earlier gains and is trading near steady. On a daily timeframe basis, gold prices can be pushed in the opposite direction of price moves in the U.S. dollar index. April gold was last up $1.90 an ounce at $1,227.30.

By Jim Wyckoff, contributing to Kitco News;



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 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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