P.M. Kitco Metals Roundup: Gold Ends Near Steady; Bullish Outside Markets Limit Selling Pressure
(Kitco News) - Gold ended the U.S. day session near steady levels Tuesday. However, prices did hit another fresh five-week low overnight. Gold had seen some intensified technical selling pressure early this week, but on Tuesday the key outside markets turned bullish for gold and silver (lower U.S. dollar index, firmer crude oil prices), which brought at least a temporary halt to the downside price pressure on the precious metals. April gold last traded up $0.10 at $1,649.10 an ounce. Spot gold was last quoted up $0.10 at $1,649.00. March Comex silver last traded up $0.08 at $30.99 an ounce.
(Kitco News) - Gold ended the U.S. day session near steady levels Tuesday. However, prices did hit another fresh five-week low overnight. Gold had seen some intensified technical selling pressure early this week, but on Tuesday the key outside markets turned bullish for gold and silver (lower U.S. dollar index, firmer crude oil prices), which brought at least a temporary halt to the downside price pressure on the precious metals. April gold last traded up $0.10 at $1,649.10 an ounce. Spot gold was last quoted up $0.10 at $1,649.00. March Comex silver last traded up $0.08 at $30.99 an ounce.