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Gold Backs Off Daily Highs As U.S. Stocks Off Daily Lows

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(Kitco News) - Gold prices are still holding decent gains of around $10.00 an ounce after hitting a nearly three-month high of  $1,243.00, basis December Comex futures, in early U.S. trading Tuesday. However, the safe-haven metal has backed down from session highs as the U.S. stock indexes have moved up from their session lows, but are still trading solidly lower on the day. December gold was last up $10.00 an ounce at $1,234.70.

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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