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Gold Dips As USDX, U.S. Stock Indexes Recover Early Losses

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have lost early gains and are trading modestly down in late-morning action Tuesday. Gold lost altitude when the U.S. dollar index erased its mild early losses and as U.S. stock indexes did the same. Look for subdued trading in the metals the rest of the day as the world marketplace awaits the U.S. mid-term election results. December gold was last down $2.40 at $1,229.90.

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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