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Gold Loses Early Gains As U.S. Dollar Rallies

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News-  Gold prices are trading modestly down and have lost mild early gains in late-morning action Tuesday. The U.S. dollar index has rallied to its daily high, which in turn has put some downside pressure on the precious metals markets. Still, another sell off in the U.S. stock market today will likely limit the downside for the safe-haven gold and silver markets. December gold was last down $3.20 at $1,222.30.

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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