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Gold Extends Early Gains Amid Weaker U.S. Dollar

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices are scoring solid gains in late-morning action Monday. Buyers have stepped into the market to do some bargain hunting after recent selling pressure. A weaker U.S. dollar index on this day, along with a rally in the crude oil market, are also working in favor of the precious metals market bulls. The safe-haven metal is faring well to start the trading week despite a good rally in the U.S. stock market. Gold would benefit even more this week if daily stock market volatility spiked up again. April gold was last up $8.80 an ounce at $1,324.40.

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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