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Gold Slips As Stock Market Weaker, But Stable

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(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.

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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