Gold Prices Lose Some Altitude

New York (April 22)  Gold prices have erased much of their moderate overnight gains in late-morning dealings Monday. There had been a bit of safe-haven demand for the yellow metal in overseas trading, on news the U.S. will not grant new waivers for countries that want to import Iranian oil. The world market place is not overly concerned about the matter, however, as the U.S. stock market is just slightly lower and the U.S. dollar index is modestly down on the day. June gold futures were last up $1.10 an ounce at $1,277.00.

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