Gold Slips Below Unchanged on Pre-Weekend Profit-Taking, Stronger Greenback
Friday February 17, 2017 12:08
(Kitco News) - Gold prices have lost their modest early gains and are slightly weaker as midday approaches Friday. Some profit- taking ahead of the weekend, following recent good gains, is featured. Also, the U.S. dollar index has strengthened and is trading near its daily high, which is a bearish "outside market" force working against the precious metals on this day. April gold was last down $2.30 an ounce at $1,239.30.
By Jim Wyckoff, contributing to Kitco News; email@example.com
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