A.M. Kitco Metals Roundup: Gold Lower as Investor Risk Appetite Increases on Cyprus Bailout Agreement
(Kitco News) - Gold prices are moderately lower and have slipped below the key $1,600.00 level in early U.S. trading Monday. A last-minute Cyprus bank bailout package has been agreed upon, which has seen investor risk appetite uptick to start the new trading week. The news has also put some downside price pressure on the safe-haven gold market. April Comex gold last traded down $8.30 at $1,597.90 an ounce. Spot gold was last quoted down $10.40 at $1,599.25. May Comex silver last traded down $0.048 at $28.63 an ounce.