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Gold Slips Below Unchanged on Pre-Weekend Profit-Taking, Stronger Greenback

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(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; 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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