Gold price near daily highs as US dollar, stock indexes fade

New York (Dec 2)  Gold prices are still modestly lower but have hit daily highs in late-morning price action Monday. The yellow metal has rebounded a bit as the U.S. dollar index is trading down and is at its daily low. The U.S. stock market has also moved lower on the day and is near its daily low, to also support the precious metals markets. February gold was last down $3.00 an ounce at $1,469.80.

Spot silver is totally flat at $16.94, while spot platinum and palladium bounce upward a few bucks.

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