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Gold Extends Early Losses, Trading At Daily Lows

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices are trading moderately lower and have hit their session lows in late-morning dealings Thursday. Early losses were extended, as some profit-taking is featured by the shorter-term futures traders, following this week's gains. The U.S. dollar index has also firmed up today and is trading at its daily high, which is also a negative for the precious metals markets. June gold was last down $8.70 an ounce at $1,344.40.

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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