Gold Loses Some Steam As U.S. Dollar Index Hits Daily High

(Kitco News)- Gold prices are now holding only modest gains inlate-morning trading Friday. The metals have given back about half of theirdaily advances as the U.S. dollar index has pushed to its daily high and istrading moderately up.
The safe-haven gold and silver markets probably won't seea lot of downside pressure the rest of the session, heading into a three-dayU.S. holiday weekend that does hold some uncertainty on the U.S.-world tradefront and the situation with wobbly secondary currencies. December gold waslast up $2.30 at $1,207.50.

By Jim Wyckoff

For Kitco News

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