Gold Slips Below Unchanged As USDX Moves Up From Daily Low

(Kitco News) - Gold prices have lost modest early gains and are trading just belowunchanged in late-morning dealings Monday. The gold market dipped when the U.S. dollar index rose from its daily low. A rallying U.S. stock market today isalso a negative for the safe-haven gold market. Augustgold was last down $2.00an ounce at $1,297.30.

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold stocks propelled by gain in metal and equities

Big Gold producers report strong Q1/24 results

Gold stocks decline as metal drop offsets equity risk on

Canadian mining equity capital raising robust in 2023, early 2024

Gold stocks gain even as metal price pulls back