Gold Price Loses Altitude As US Dollar, US Stock Market Gain

New York (Dec 15)  Gold prices have lost most of their moderate early gains and are trading around steady to slightly higher levels on the day in late-morning action Friday. A rise in the U.S. dollar index and a dip in crude oil prices are bearish "outside market" elements that are working against the precious metals markets at present. Risk-on trading attitudes, as seen by U.S. stock indexes moving to record highs Friday morning, are also pressuring safe-haven gold and silver markets. February gold was last up $1.00 at $1,258.00.

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