Gold falls on upbeat trader/investor risk appetite

(Kitco News) – Gold prices have lost modest early gains and are trading moderately lower and at daily lows in late-morning action Monday. There are a lack of fresh, bullish inputs to drive safe-haven gold and silver prices higher to start the trading week, so profit-taking from the shorter-term futures traders has set in. Gains in world stock markets Monday show trader and investor risk appetite is more robust and that’s also a negative for the precious metals markets. December gold was last down $9.20 an ounce at $1,506.60.

By Jim Wyckoff
For Kitco News


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