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