Gold, Silver Prices Holding Solid Losses in Late-Morning Trading
(Kitco News) - Gold and silver prices opened the U.S. day session by extending overnight losses, and continue to hold the solid declines and are near daily lows in late-morning action Monday. Gold has fallen back below the key $1,200.00 level. A stronger U.S. dollar index is prompting selling interest in the precious metals markets today, despite some keener risk aversion in the marketplace to start the trading week. Also, a sharp sell-off in China's stock market Monday is prompting some concern about less demand for metals coming out of the world's second-largest economy. December gold was last down $15.30 an ounce at $1,190.20, while December silver was last down $0.339 at $14.31.