Gold Slips As Stock Market Weaker, But Stable
(Kitco News) - Gold prices have slipped from modestly higher levels seen overnight to near steady in late-morning trading Tuesday. The light selling pressure comes as the U.S. stock market is lower, but the volatility is not high and the selling pressure is orderly. If volatility in the stock market heats up today, then look for gold prices to see some fresh safe-haven demand. Selling pressure in the gold market will be limited today as the U.S. dollar index remains solidly lower on the day. April gold was last up $0.70 at $1,327.20.