Gold Price Extends Early Losses As U.S. Dollar Index Rises

New York (Apr 20)  Gold have dropped to their session lows in morning trading Friday. The down-move in the yellow metal came as the U.S. dollar index pushed to its daily high. Some profit-taking from the shorter-term futures traders is also featured heading into the weekend. Sell stop orders were also triggered in the futures market, when chart support levels were breached on the move lower. June gold was last down $9.30 at $1,339.50.

By 10:45am EST spot gold was down $8 to $1,335, while spot silver sliped 8 cents to $$17.13.  Howver, spot platinum plunged $9 to $927 while spot palladium remained flat at $1,032.

Reuters