Gold Price Erases Early Losses As US Stock Market Sells Off

New York (April 5)  The U.S. stock indexes have in late-afternoon trading dropped well off their daily highs that saw solid gains earlier in the day. The big reversal in equities has lifted the safe-haven gold market well off its daily lows to trade near steady on the day.  The U.S. dollar index has come down from its daily high and that's also a positive daily element for the precious metals market bulls. June gold futures were last down $0.60 at $1,257.80. Spot silver eked out 4 cents to $18.29.

Source: Reuters