Gold Extends Early Losses Amid Firmer Greenback, Rallying Stock Markets

(Kitco News) - Gold prices are solidly lower and trading near the dailylow in mid-morning action Tuesday. Early losses were extended when the U.S.stock market opened at new record highs, to continue to keep investor interestless keen on the safe have gold and silver markets. Also, the U.S. dollar index is rallying early this week, which is another negative outside-market elementworking against the precious metals. Februarygold was last down $9.10 an ounceat $1,311.50.

By Jim Wyckoff

For Kitco News

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