(Kitco News) - Comex December gold futures prices ended the U.S. day session sharply lower and near the daily low. Early safe-haven buying gave way to heavy selling pressure that was due to strong gains in the U.S. dollar index, sharp losses in crude oil and other commodity markets, profit-taking pressure and weak-handed long liquidation. Even though this week is starting out as a "risk off" trader and investor mentality in the market place, safe-haven gold could not benefit from it Monday. December gold last traded down $35.00 an ounce at $1,779.70 an ounce. Spot gold last traded down $35.60 an ounce at $1,777.50. December Comex silver last traded down $1.561 at $39.265 an ounce.
The U.S. dollar index traded sharply higher .... FULL STORY ON KITCO HERE
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