Gold Extends Losses, Back Below $1,200, As USDX Hits Daily High

(Kitco News) – Gold and silver prices have extended early losses and are solidly lower and near their daily lows in late-morning U.S. trading Tuesday. Silver has hit a 2.5-year low today. A strong rally in the U.S. dollar index, which has just hit its daily high, is emboldening the precious metals sellers to start the U.S. trading week. Gold has dropped back below $1,200.00, while silver is threatening to fall below the key $14.00 level. December gold was last down $11.00 an ounce at $1,195.80 and December silver was down $0.482 at $14.08.

By Jim Wyckoff
For Kitco News


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