(Kitco News) – Gold prices are trading modestly down and have lost mild early gains in late-morning action Tuesday. The U.S. dollar index has rallied to its daily high, which in turn has put some downside pressure on the precious metals markets. Still, another sell off in the U.S. stock market today will likely limit the downside for the safe-haven gold and silver markets. December gold was last down $3.20 at $1,222.30.
By Jim Wyckoff
For Kitco News