Gold Loses Some Steam As U.S. Dollar Index Hits Daily High

(Kitco News) – Gold prices are now holding only modest gains in late-morning trading Friday. The metals have given back about half of their daily advances as the U.S. dollar index has pushed to its daily high and is trading moderately up.
The safe-haven gold and silver markets probably won’t see a lot of downside pressure the rest of the session, heading into a three-day U.S. holiday weekend that does hold some uncertainty on the U.S.-world trade front and the situation with wobbly secondary currencies. December gold was last up $2.30 at $1,207.50.

By Jim Wyckoff
For Kitco News


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