Gold Prices Trading Near Daily Lows In Late-Morning Action
(Kitco News) - Gold prices are holding moderate losses and have slightly extended overnight declines, as midday approaches. The U.S. dollar index has moved to its daily high, which has added some downside pressure on the gold and silver markets.
However, losses in gold are being somewhat limited by ongoing concerns about the health of the U.S. stock market following recent selling pressure that did produce near-term technical damage. December gold was last down $5.10 at $1,223.60.