Gold Extends Early Losses, Closing In On $1,300

(Kitco News) - Gold pricesare solidly lower and at a four-month low in late-morningaction Tuesday. June gold futures have dropped below the important 200-daymoving average on the daily chart, which is emboldening the bears and invitingmore technical selling interest. A very strong U.S. dollar index that hit anearly four-month high today is working hard against the precious metals marketbulls. June gold was last down $12.40 an ounce at $1,306.70.

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 lead the large cap miners by far over H1/25

Gold stocks up as the metal price and equities gain

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline