Gold Price Slips Below Unchanged As USDX Moves Up From Daily Low

New York (June 4)  Gold prices have lost modest early gains and are trading just below unchanged in late-morning dealings Monday. The gold market dipped when the U.S. dollar index rose from its daily low. A rallying U.S. stock market today is also a negative for the safe-haven gold market. August gold was last down $2.00 an ounce at $1,297.30.

By noon EST spot platinum had fallen $9 from day's high to $901, as spot silver inched up a mere 2 cents to $16.44.

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