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Gold Erases Losses As U.S. Dollar, Stock Market Show Weakness

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Bargain hunters have stepped in to buy the dip in gold prices, which have pushed above unchanged and are at daily highs in late-morning dealings Tuesday. A slumping U.S. dollar index and a sell-off in the U.S. stock indexes are supporting the buying interest in the gold market. December gold was last up $2.10 an ounce at $1,281.30.

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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