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Gold loses some shine as U.S. dollar rallies

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have lost over half of their early U.S. gains in late-morning action Monday. A surge in the U.S. dollar index has tempered safe-haven demand that has occurred in the wake of the major attack on Saudi Arabia's oil infrastructure. December gold was last up $4.10 an ounce at $1,503.70.

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