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Gold Falls Below Unchanged As U.S. Dollar Index Gains

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have lost early gains and are trading modestly lower in late-morning action Wednesday. The U.S. dollar index has moved higher during the U.S. day session, which has prompted a bit of selling pressure in the gold and silver markets. U.S. stock index prices have also moved up from their daily lows, which is also a negative for the safe-haven gold market. December gold was last down $2.30 at $1,330.30.

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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