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Gold Extends Losses, Back Below $1,200, As USDX Hits Daily High

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(Kitco News) - Gold and silver prices have extended early losses and are solidly lower and near their daily lows in late-morning U.S. trading Tuesday. Silver has hit a 2.5-year low today. A strong rally in the U.S. dollar index, which has just hit its daily high, is emboldening the precious metals sellers to start the U.S. trading week. Gold has dropped back below $1,200.00, while silver is threatening to fall below the key $14.00 level. December gold was last down $11.00 an ounce at $1,195.80 and December silver was down $0.482 at $14.08.

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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