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Gold Prices Erase Early Losses As U.S. Stock Market Sells Off

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices are trading steady to slightly up in late-morning action Wednesday. The precious metal has erased modest early losses and is seeing a bit of safe-haven demand as the U.S. stock market sees solid selling pressure. The U.S. dollar index has also backed down from its daily high and is now trading weaker on the day, which is also working in favor of the metals market bulls. December gold was last up $0.50 at $1,192.00

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