(Kitco News) – Gold prices are moderately down and have hit new daily lows in late-morning action Tuesday. The weakening near-term technical postures in gold and silver futures markets are inviting shorter-term, chart-based sellers to step in on the short side of the futures markets. A rebound in the U.S.dollar index just recently is also a negative outside-market force working against the precious metals market bulls. April gold was last down $4.30 an ounce at $1,283.40.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
