Gold Extends Early Losses, Hits 3-Week Low, As U.S. Dollar Index Hits Daily High

(Kitco News) - Gold prices are trading solidly down and hit a three-week low inlate-morning action Tuesday. Gold prices are sliding and have extended modestovernight losses as the U.S. dollar index is sharply higher and is trading atits session high. More technical selling is featured today as the gold marketis now in a near-term price downtrend on the daily charts. Aprilgold was lastdown $10.00 an ounce at $1,307.70.

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.

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