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Gold Extends Early Losses, Closing In On $1,300

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices are solidly lower and at a four-month low in late-morning action Tuesday. June gold futures have dropped below the important 200-day moving average on the daily chart, which is emboldening the bears and inviting more technical selling interest. A very strong U.S. dollar index that hit a nearly four-month high today is working hard against the precious metals market bulls. June gold was last down $12.40 an ounce at $1,306.70.

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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