Gold Rallies To Daily High As U.S. Dollar Slumps

(Kitco News) - Gold prices are moderately higher and have hit newsession highs in late-morning action Tuesday. After some light selling pressuredropped gold prices from their overnight highs, there were traders ready tostep in to "buy the dip." The rally in the gold market also coincidedwith a solid drop in the U.S. dollar index to a new three-year low today.Februarygold was las up $5.40 an ounce at $1,337.20.

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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