P.M. Kitco Metals Roundup: Gold Ends Near Steady as Short Covering Offset by Stable U.S. Dollar Index, Lower Crude Oil
(Kitco News) - Gold futures prices ended the U.S. day session near unchanged Monday, as short covering and some mild bargain hunting were checked by bearish outside market forces—a stable U.S. dollar index that is hovering near a six-month high, and lower crude oil prices that are at a nine-week low. The gold and silver markets are still technically weak on a near-term basis, which continues to limit fresh speculative buying interest. April Comex gold last traded down $0.50 at $1,571.80 an ounce. Spot gold was last quoted up $1.90 at $1,579.25. May Comex silver last traded up $0.025 at $28.515 an ounce.