Gold Backs Off On Profit-Taking Ahead Of Weekend

(Kitco News) – It’s been a good trading week for the gold market bulls, and some of the futures traders have decided to ring the cash register and take some profits. Prices hit a nearly eight-month high earlier this week, and the bulls are content to go home for the weekend with the solid near-term technical advantage. April gold was last down $2.40 an ounce at $1,322.60.

By Jim Wyckoff
For Kitco News


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