Gold Extends Overnight Losses In Early U.S. Trading, As USDX At Daily High
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(Kitco News) - Gold and silver markets are trading solidly lower in morning price action Thursday, and have added to overnight losses. Downside corrections from recent gains that saw gold and silver hit two-week highs Wednesday, some weak economic data out of China overnight and a higher U.S. dollar index that just moved to its daily high are all working to pressure the precious metals markets. April gold was last down $16.00 an ounce at $1,293.30.