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Gold Slips Below Unchanged As U.S. Dollar Index Rises

Kitco News

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(Kitco News) - Gold prices are trading slightly down and are near their daily lows in mid-morning action Friday. The yellow metal lost its modest early price gains when the U.S. dollar index moved higher and hit its session high. Little risk aversion in the marketplace at present has also been working against the precious metals markets bulls. December gold was last down $1.50 an ounce at $1,206.70.

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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