P.M. Kitco Metals Roundup: Gold Hammered to 7.5-Mo. Low on Technical Selling, Bearish FOMC Minutes
(Kitco News) - Gold prices ended the U.S. day session sharply lower Wednesday, and then extended those losses in the afternoon following a bearish FOMC minutes report. Prices hit a fresh 7.5-month low as the precious yellow metals bulls are presently reeling. April gold last traded down $43.50 at $1,560.90 an ounce. Spot gold was last quoted down $44.90 at $1,560.50. March Comex silver last traded down $1.017 at $28.405 an ounce.