P.M. Kitco Metals Roundup: Comex Gold Ends Near Steady on Chart Consolidation, Profit Taking

September 18, 2012   |   September 2012 Bond Updates
(Kitco News) - Comex gold prices ended the U.S. day session near unchanged Tuesday. The market saw some more profit-taking pressure and consolidation on the charts following last week’s strong upside price action. The key “outside markets” were also in a bearish posture for the precious metals Tuesday, as the U.S. dollar index was higher and crude oil prices were lower. December gold last traded up $0.40 at $1,771.00 an ounce. Spot gold was last quoted up $5.50 an ounce at $1,768.50.  December Comex silver last traded up $0.268 at $34.63 an ounce.

View more at: http://www.forbes.com/sites/kitconews/2012/09/18/p-m-kitco-metals-roundup-comex-gold-ends-near-steady-on-chart-consolidation-profit-taking/
 
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