Gold, Silver Drop To Session Lows As U.S. Dollar Index Moves To Daily High
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(Kitco News) - Gold andsilver prices have extended modest early losses and are trading attheir daily lows in late-morning action Wednesday. The metals started to movelower when the U.S. dollar index pushed above unchanged. The USDX is presentlytrading near its daily high. The strong daily inverse trading relationshipbetween the metals and the U.S. dollar index continues. Aprilgold was lastdown $6.10 at $1,329.10. May silver was last down 25 cents at $16.535.
By Jim WyckoffFor Kitco News
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jwyckoff@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.