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Gold Prices At Daily Highs As USDX Losses Steepen

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(Kitco News) - Gold prices are moderately up and trading near their session highs in late-morning action Monday.  The yellow metal is seeing more buying interest as losses in the U.S. dollar index have accelerated as the day progresses. Gold bulls are also gaining confidence their metal has put in a near-term market bottom, after prices have been trading sideways for the past two weeks. December gold was last up $7.70 an ounce at $1,208.50.

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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