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

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(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.

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