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Gold Loses Some Steam In Early U.S. Trading

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(Kitco News) - Gold prices are trading slightly higher and have pared earlier modest gains as the U.S. day session is just under way.  Some mild profit-taking pressure is featured, but selling interest is limited by tame U.S. inflation data just released. The August producer price index came in at  up just 0.2%, which was slightly below market expectations. The report falls into the camp of the  U.S. monetary policy doves, who believe the Fed should not raise interest rates any time soon. December gold was last up $1.90 an ounce at $1,334.60.

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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