Gold Well Down From Daily Highs As U.S. Dollar, Stock Market See Rallies
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(Kitco News) - The gold market has lost its solid early price gains in midday dealings Thursday, as the U.S. stock market is in rally mode and the U.S. dollar index has taken back all of its losses suffered Wednesday. Still, given the good gains in U.S. stock indexes and the greenback today, gold and silver market bulls are impressed their metals are posting modest price advances on the day. April gold was last up $3.30 an ounce at $1,305.00.