Gold Loses Modest Early Gains As Silver Drops

(Kitco News) - Gold prices are trading near steady levels inlate-morning action Tuesday and have given up their modest early gains. A dropin the silver futures market to a three-week low has spilled over into someselling pressure in the gold market. Some profit-taking from recent gains isfeatured in both gold and silver markets today. Februarygold was last up $0.50at $1,332.30. Marchsilver futures were last down $0.204 at$16.785.

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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