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

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.

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold