Gold Slips Below Unchanged As U.S. Dollar Index Rises

(Kitco News) - Gold pricesare trading slightly down and are near their dailylows in mid-morning action Friday. The yellow metal lost its modest early pricegains when the U.S. dollar index moved higher and hit its session high. Little risk aversion in the marketplace at present hasalso been working against the precious metals markets bulls. December gold waslast down $1.50 an ounce at $1,206.70.

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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