P.M. Kitco Metals Roundup: Gold Ends Down, at 6.5-Month-Low Close, on More Technical Selling
(Kitco News) - Comex gold prices ended the U.S. day session moderately lower and closed at a fresh 6.5-month low close Tuesday. More technical selling pressure was featured in gold and silver following Friday’s downside routs. A stable U.S. dollar index also limited buying interest in the gold and silver markets Tuesday. Gold and silver markets have seen serious near-term technical damage inflicted recently. April gold last traded down $6.00 at $1,603.50 an ounce. Spot gold was last quoted down $5.80 at $1,604.50. March Comex silver last traded down $0.459 at $29.39 an ounce.