Gold Falls Below Unchanged As U.S. Dollar Index Gains
Editor's Note: Kitco readers, have your say! Check out our newest feature - KITCO CHAT! - where you can share your comments and ask questions directly to us.
(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.