A.M. Kitco Metals Roundup: Gold Weaker on Technical Correction, Chart Consolidation
(Kitco News) - Gold prices are trading moderately lower in early U.S. dealings Thursday, on a corrective technical pullback and chart consolidation following Wednesday’s solid gains. A stable U.S. dollar index and slightly lower crude oil prices are mildly negative outside market forces for the precious metals Thursday. February gold last traded down $7.30 at $1,672.60 an ounce. Spot gold was last quoted down $3.70 at $1,673.25. March Comex silver last traded down $0.172 at $32.005 an ounce.
(Kitco News) - Gold prices are trading moderately lower in early U.S. dealings Thursday, on a corrective technical pullback and chart consolidation following Wednesday’s solid gains. A stable U.S. dollar index and slightly lower crude oil prices are mildly negative outside market forces for the precious metals Thursday. February gold last traded down $7.30 at $1,672.60 an ounce. Spot gold was last quoted down $3.70 at $1,673.25. March Comex silver last traded down $0.172 at $32.005 an ounce.
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