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Gold Slips Below $1,200, at Daily Low, as U.S. Dollar Index Hits 11.5-Year High

Wednesday March 4, 2015 10:12 AM

(Kitco News) - Gold is seeing moderate selling pressure and has dropped below the psychologically important $1,200.00 level in late-morning dealings Wednesday. The precious metal moved to its session low as the U.S. dollar index touched an 11.5-year high. The strong greenback continues to be a bearish underlying factor for the entire raw commodity sector, including gold and silver. April Comex gold was last down $5.70 at $1,198.70.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow me on Twitter @jimwyckoff



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 precious metal products, 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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