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Gold Sees More Selling As U.S. Dollar Index, Stock Indexes See Afternoon Rally

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(Kitco News) - Gold prices have in afternoon trading extended losses suffered during the U.S. futures market day session. The U.S. dollar index has rallied sharply and U.S. stock indexes are trading at their session highs as there are late reports former FBI director James Comey has already said to the U.S. Congress, under oath, that there was no pressure from the Trump Administration on the FBI to stop any ongoing investigations.

That talk in the marketplace has boosted the greenback and the U.S. stock market. June gold was last down $12.00 at $1,247.00.

Live 24 hours gold chart [Kitco Inc.]

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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