Gold Slips Lower As U.S. Stock Indexes Rebound, USDX Up

(Kitco News) - Goldprices have dropped to modestly weaker levels inlate-morning action Tuesday. The U.S. stock indexes opened the day session downbut have just turned higher on the day. This, along with a rally in the U.S. dollar index today, are working to pressure the gold and silver markets a bit.However, if the stock market selling pressure intensifies today, which isentirely possible, then safe-haven gold will catch a good bid again. Aprilgold was last down $2.00 at $1,334.30.

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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