Gold prices are now holding just slight gains in mid-morning trading Friday.
The yellow metal has come down from its early-morning highs that were scored in the immediate aftermath of a surprise interest rates cut by China. The resurgent U.S. dollar index late this week, which on Friday hit a two-month high, is prompting some selling interest in gold.
The competing asset class, world stock markets, are also in rally mode late this week, which is also a bearish outside force working against safe-haven gold. December Comex gold futures were last up $1.40 an ounce at $1,167.40.