A.M. Kitco Metals Roundup: Gold Weaker on More Technical Selling, Lack of Bullish Fundamental Inputs
By:
Forbes Real Time
(Kitco News) - Gold prices are moderately lower in early U.S. trading Friday, on some follow-through technical selling from Thursday’s losses. The key “outside markets” are in a bullish posture for the precious metals Friday morning--a lower U.S. dollar index and firmer crude oil prices--which is limiting downside price pressure. February gold last traded down $4.30 at $1,665.60 an ounce. Spot gold was last quoted down $0.90 at $1,667.00. March Comex silver last traded down $0.152 at $31.57 an ounce.
(Kitco News) - Gold prices are moderately lower in early U.S. trading Friday, on some follow-through technical selling from Thursday’s losses. The key “outside markets” are in a bullish posture for the precious metals Friday morning--a lower U.S. dollar index and firmer crude oil prices--which is limiting downside price pressure. February gold last traded down $4.30 at $1,665.60 an ounce. Spot gold was last quoted down $0.90 at $1,667.00. March Comex silver last traded down $0.152 at $31.57 an ounce.
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