(Kitco News) – Gold and silver prices are down and have hit session lows in early U.S. trading Tuesday. The precious metals are suffering from a lack of fresh, bullish fundamental news developments that would invite safe-haven demand from investors. Also, the competing asset class equities see the U.S. stock indexes poised for higher openings when the New York session begins. The U.S. stock indexes have rebounded strongly from their October dips and are now not far from their yearly highs. December gold was last down $5.20 an ounce at $1,492.40.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
