Friday, 31 May 2013

Forbes: A.M. Kitco Metals Roundup: Gold Weaker On Technical Correction, Firmer U.S. Dollar Index

Comex gold futures prices are modestly lower in early U.S. trading Friday. The market is seeing a corrective pullback from Thursday’s solid gains and is also feeling a bit of downside pressure from a firmer U.S. dollar index. Prices did hit a two-week high in overnight trading. Comex August gold last traded down $4.50 at $1,407.50 an ounce. Spot gold was last quoted down $5.40 at $1,408.75. July Comex silver last traded down $0.28 at $22.41 an ounce.

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