Gold Slipping To New Daily Lows On Firming USDX

(Kitco News) - Gold prices have modestly extended overnight losses in late-morningtrading Thursday. The U.S. dollar index is trading near its session high, to continue its keen daily influence--in aninverse fashion--over the gold market. A lack of geopolitical tensions in themarketplace the past few weeks has also worked against the safe-haven metal.Aprilgold was last down $7.50 at $1,318.20.

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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