Gold, Silver Lose Early Gains As U.S. Dollar Index Off Its Daily Low
(Kitco News) - The gold and silver markets have given back their modest early price gains in late-morning action Wednesday. When the U.S. dollar index moved up from its session low, gold and silver backed down from their daily highs. A slumping crude oil market this week is also a negative outside market working against the precious metals market bulls. December gold was last down $0.70 at $1,282.50. December silver last traded down $0.043 at $17.03.
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.