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Surging U.S. dollar pressures gold prices in afternoon trading Friday

Kitco News

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices are moderately down and have lost late-morning gains in afternoon dealings Friday. A U.S. dollar index that has surged to a 27-month high today is working to pressure the yellow metal on this last trading day of the week and of the month. Still, the bulls are exiting August with a monthly gain of over $90 an ounce. Not bad from the bulls' perspective. December gold was last down $5.20 at $1,531.70.

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