Gold Price Slips Below Unchanged As U.S. Stock Indexes Hit Daily Highs

New York (Feb 25)  Gold  prices have lost mild early gains in late-morning U.S. action Monday. The yellow metal slipped as the U.S. stock market is in rally mode and the indexes have just hit daily highs. There is once again keener risk appetite in the world marketplace to start the trading week--mainly due to upbeat expectations about a U.S.-China trade deal being reached soon. April gold was last down $1.90 at $1,330.90.

By 2:50pm EST spot gold was down $3 to $1,328, while spot palladium surged $33 to a record $1,540/oz.

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