Gold Extends Early Losses, At Daily Lows, Amid Greenback Rebound

(Kitco News) - Gold pricess are trading solidly lower in late-morningdealings Monday. A daily rally in the U.S. dollar index has promptedprofit-taking pressure in the gold and silver markets, after both had scored4.5-month highs last week. A sell-off in the U.S. stock market is so far nothelping out the precious metals market bulls. However, such could limit thedownside in gold and silver as the session progresses, especially if thedeclines in equities intensify. Februarygold was last down $15.00 at$1,337.10.

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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