(Kitco News) – Gold markets have lost their modest early gains and are trading down around $3.00 in late-morning action Monday. A record-setting rally in the U.S. stock market is producing some price pressure on the precious metals markets. Still, gold prices have recently seen pretty good resilience in the face of rallying world equity markets that compete with the safe-haven metals. December gold was last down $3.20 an ounce at $1,508.10.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
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