Gold & Silver Prices Pressured To 4-Mo. Lows By Strong U.S. Dollar

New York (April 23)  A surge in the U.S. dollar index Tuesday has combined with firmer U.S. stock index prices to push gold and silver prices lower and to four-month lows. Overnight losses were extended in early U.S. trading when the USDX pushed to solidly higher levels on the day. The U.S. stock indexes are at or near six-month highs and are not far below their all-time highs scored last fall--underscoring the lack of risk aversion in the marketplace that is hampering gold and silver bulls. June gold was last down $7.60 at $1,270.10.

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