Gold, Silver Dip To Daily Lows As U.S. Dollar Rallies, Crude Oil Sells Off
(Kitco News) - Gold and silver prices have lost modest early gains and are at their session lows in late-morning action Wednesday. The metals are losing altitude as the key "outside markets" have turned more bearish on the day. The U.S. dollar index is higher and is making its daily high, while crude oil prices are solidly lower hitting a daily low. February gold was last up $0.50 at $1,265.50 and March silver hit a 4.5-month low and was down $0.103 at $15.96.
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.