Markets

Gold Update: Gold Extends Early Gains as U.S. Dollar Index Slumps

Monday June 3, 2013 11:27 AM

(Kitco News) - Comex gold futures have moved to their daily highs in late-morning trading Monday, including pushing back above the key $1,400.00 level. The U.S. dollar index has dropped to its daily low and is trading with solid losses on the day, which has prompted more buying interest in gold and silver markets. The green back was pressured by some downbeat U.S. manufacturing data released Monday morning. August gold last traded up $20.00 an ounce at $1,413.20.

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By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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