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Gold Rally Loses Steam As U.S. Stock Market Posting Solid Gains

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have given back moderate early gains in late-morning trading Thursday, at the same time U.S. stock indexes are trading near their daily highs and are posting solid gains. However, there is a lot of the session left to trade today and the stock indexes are likely to remain volatile. Look for gold to trade in an inverse relationship with the stock indexes the rest of today, and maybe longer. December gold was last up $0.10 at $1,231.00.

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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