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Gold Moderately Down, At Daily Low, As U.S. Dollar Moves Up

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(Kitco News) - Gold prices are seeing moderate losses and are trading near their daily lows in late-morning action Wednesday. A rally in the U.S. dollar index today has put some more downside pressure on the precious metals prices. Higher U.S. stock index prices today also suggest there is little risk aversion in the marketplace to provide any support to the safe-haven gold and silver markets. August gold was last down $4.50 an ounce at $1,255.50.

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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