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Gold Loses Some Steam As U.S. Dollar Index Hits Daily High

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices are now holding only modest gains in late-morning trading Friday. The metals have given back about half of their daily advances as the U.S. dollar index has pushed to its daily high and is trading moderately up.
The safe-haven gold and silver markets probably won't see a lot of downside pressure the rest of the session, heading into a three-day U.S. holiday weekend that does hold some uncertainty on the U.S.-world trade front and the situation with wobbly secondary currencies. December gold was last up $2.30 at $1,207.50.

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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