Gold Sees Modest Gains As U.S. Stock Market Sell-Off Accelerates

(Kitco News) - Gold is seeing some mild safe-haven demand in afternoon U.S.trading Wednesday, as the U.S. stock market is seeing strong losses and is atits daily low. The Dow Jones Industrial Average is down around 500 points. TheU.S. 10-year Treasury note yield hit a 10-year high today, to spook the stockmarket bulls. December gold was last up $3.10 an ounce at $1,194.80.

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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