Gold Prices Slip Lower As US Dollar Strengthens

New York (Nov 27)  Gold prices have lost their mild early gains and are trading moderately lower and at their daily lows during late-morning dealings Tuesday. The yellow metal lost altitude at the same time the U.S. dollar index moved to its daily high, while also at the same time crude oil prices are losing their earlier gains. February gold was last down $4.10 an ounce at $1,224.50.

By 10:30am EST spot gold was down $6 to $1,216, while spot silver sliped 7 cents to $14.18. Likewise, spot platinum plunged $10 to $834 as spot palladium fell $7 to $1,140.

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