P.M. Kitco Roundup: Gold Ends Moderately Lower On Profit Taking, Stronger U.S. Dollar Index

August 29, 2013   |   August 2013 Bond Updates
(Kitco News) -Gold prices ended the U.S. day session moderately lower but up from the daily low Thursday, on some profit taking and a technical correction after recent gains that saw the market hit a 3.5-month high Wednesday. The key “outside markets” were also in a bearish daily posture for the precious metals Thursday, as the U.S. dollar index was sharply higher and crude oil prices were weaker. December Comex gold was last down $8.00 at $1,410.80 an ounce. Spot gold was last quoted down $6.80 at $1411.50. September Comex silver last traded down $0.411 at $23.98 an ounce.

View more at: http://www.forbes.com/sites/kitconews/2013/08/29/p-m-kitco-roundup-gold-ends-moderately-lower-on-profit-taking-stronger-u-s-dollar-index/
 
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