Gold loses its luster with the rise of the US dollar

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(Kitco News) – Gold prices have lost more than half of their US earnings in the evening of Monday morning. The soaring US dollar index tempered the demand for safe havens following the major attack on oil infrastructure in Saudi Arabia. In December, gold had risen from $ 4.10 an ounce to $ 1,503.70.

By Jim Wyckoff

For Kitco News

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www.kitco.com

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