Gold Extends Early Losses Amid Firmer Greenback, Rallying Stock Markets

(Kitco News) - Gold prices are solidly lower and trading near the dailylow in mid-morning action Tuesday. Early losses were extended when the U.S.stock market opened at new record highs, to continue to keep investor interestless keen on the safe have gold and silver markets. Also, the U.S. dollar index is rallying early this week, which is another negative outside-market elementworking against the precious metals. Februarygold was last down $9.10 an ounceat $1,311.50.

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.

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold

Gold stocks gain on metal rise and continued equities rebound

Big Gold stocks outperform Big Base Metals