Gold Drifts Lower In Lackluster Summertime Trading

(Kitco News) – Gold prices have lost their modest early gains and are trading near steady in subdued late-morning dealings Monday. A firmer U.S. dollar index and the U.S. stock market being at record highs has put a bit of selling pressure into the gold market. However, the bullish chart posture of the yellow metal is keeping the sellers timid. August gold was last down $0.50 at $1,411.90.

By Jim Wyckoff
For Kitco News


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