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Gold Extends Early Losses Amid Firmer Greenback, Rallying Stock Markets

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(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.

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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