Gold Loses Early Gains On Upbeat Trader/Investor Attitudes

(Kitco News)- Gold prices are trading near steady levels inlate-morning U.S. dealings Tuesday, and have lost their modest overnight gains.With U.S. stock indexes hitting record highs, investor and trader optimism isrunning high, and that's putting some downside price pressure on the safe-havenmetals markets. December gold was last up $0.40 at $1,216.40.

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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