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Gold Prices Lose Altitude As U.S. Stock Market Rallies

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(Kitco News- Gold prices have lost most of their modest early gains, in late-morning trading Monday. A strong rally in the U.S. stock market so far today is a negative for the safe-haven gold and silver markets. Also, the U.S. dollar index is now just slightly lower on the day and is trading near its daily high--another mildly bearish development for the metals today. December gold was last up $0.40 at $1,223.60.

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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