(Kitco News) – Gold prices are trading modestly down and near their session lows in late-morning action Tuesday. Some technically related selling pressure is featured in the futures markets, as the near-term chart postures for both gold and silver have deteriorated the past few sessions. Solid losses in the crude oil futures market are also working against the precious metals market bulls today. February gold was last down $3.40 an ounce at $1,279.20.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
