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Gold At Daily Lows in Late-Morning Dealings

Kitco News

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(Kitco News) - Gold prices are trading moderately down and near their session lows in late-morning action Tuesday. The rallying U.S. dollar index, which hit a 5.5-month high today, is a bearish outside-market force working against the precious metals on this day. U.S. stock indexes that have just hit record highs are also limiting buying interest in the competing asset class, precious metals. December gold was last down $7.00 an ounce at $1,274.70.

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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