Gold Sees Downside Correction After 6-Wk High Monday; Solid Rebound in U.S. Dollar Index Bearish

Gold prices ended the U.S. day session moderately lower Tuesday, on a downside correction following good gains that pushed prices to a six-week high on Monday. A sharply higher U.S. dollar index on this day also worked against the precious metals markets. June Comex gold was last down $9.70 at $1,208.80 an ounce. May Comex silver was last down $0.29 at $16.82 an ounce.

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