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Gold loses some altitude as U.S. dollar rallies

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have lost about half of their overnight gains in late-morning action Friday. A strengthening U.S. dollar index that is at its daily high is working to pressure the precious metals markets. December gold was last up $2.10 an ounce at $1,465.80.

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