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Gold Loses Altitude As U.S. Dollar, U.S. Stock Market Gain

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(Kitco News) - Gold prices have lost most of their moderate early gains and are trading around steady to slightly higher levels on the day in late-morning action Friday. A rise in the U.S. dollar index and a dip in crude oil prices are bearish "outside market" elements that are working against the precious metals markets at present. Risk-on trading attitudes, as seen by U.S. stock indexes moving to record highs Friday morning, are also pressuring safe-haven gold and silver markets. February gold was last up $1.00 at $1,258.00.

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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