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Gold Loses Steam As U.S. Dollar Index Erases Losses

Kitco News

(Kitco News) - Gold prices in late-morning U.S. trading have lost most of their good early gains. Both gold and silver are losing steam as the U.S. dollar index has moved up from its daily low and is trading above unchanged and near its session high. December gold was last up $2.00 an ounce at $1,203.20.

Live 24 hours gold chart [Kitco Inc.]

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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