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Gold Slips Below Unchanged As USDX Moves Up From Daily Low

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(Kitco News) - Gold prices have lost modest early gains and are trading just below unchanged in late-morning dealings Monday. The gold market dipped when the U.S. dollar index rose from its daily low. A rallying U.S. stock market today is also a negative for the safe-haven gold market. August gold was last down $2.00 an ounce at $1,297.30.

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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