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Gold Slips To Daily Lows In Lackluster Trading

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(Kitco News) - Gold futures prices have moved from near unchanged in earlier dealings to slightly lower on the day, in late-morning price action Monday. Prices have drifted lower in uninspired trading to start the week. A sharp drop in crude oil prices to a three-week low today is adding some selling pressure into the precious metals markets. August gold futures were last down $1.50 at $1,239.70.

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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