Gold Extends Early Losses As U.S. Dollar Index Rises

(Kitco News) - Gold have dropped to their session lows in morning tradingFriday. The down-move in the yellow metal came as the U.S. dollarindex pushed to its daily high. Some profit-taking from the shorter-termfutures traders is also featured heading into the weekend. Sell stop orderswere also triggered in the futures market, when chart support levels werebreached on the move lower. June gold was last down $9.30 at $1,339.50.

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.

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