Gold Prices Slip A Bit As U.S. Dollar Index Rebounds

(Kitco News) - Goldprices have lost some of their modest early gains during morningU.S. trading action Friday. A rebound in the U.S. dollar index after it dropped to a three-year low overnight is slightly pressuring theyellow metal. Also, some mild profit-taking from this week's big gains, headinginto a three-day U.S. holiday weekend, is also featured in gold. The U.S. stockmarket is coming under some pressure on this last trading day of the week. Ifvolatility heats up in the stock market today, especially on the downside, suchcould prompt safe-haven demand for gold. Aprilgold was last up $1.20 at$1,356.50.

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.

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