Gold Extends Early Losses Amid Firmer Greenback, Rallying Stock Markets
(Kitco News) - Gold prices are solidly lower and trading near the daily low in mid-morning action Tuesday. Early losses were extended when the U.S. stock market opened at new record highs, to continue to keep investor interest less keen on the safe have gold and silver markets. Also, the U.S. dollar index is rallying early this week, which is another negative outside-market element working against the precious metals. February gold was last down $9.10 an ounce at $1,311.50.