Gold Slips To Daily Lows As U.S. Dollar Index Pushes To 6-Mo. High
(Kitco News) - Gold prices have come under some modest selling pressure and are trading near their daily lows in late-morning action Friday. The U.S. dollar index has pushed to solidly higher levels on the day and has reached another six-month high, which is working against the precious metals markets. June gold was last down $1.80 an ounce at $1,302.60.
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.