(Kitco News) – Gold and silver prices are trading with hefty losses in late-morning price action Thursday. Profit-taking from shorter-term futures traders is featured in both metals, following recent gains. A stable U.S. dollar index today is also working in favor of the precious metals market bears. It can still be argued that gold and silver, which had seen good gains just recently, are just seeing corrective pullbacks amid near-term price uptrends that are still firmly in place. April gold futures were last down $15.10 at $1,332.90.
By Jim Wyckoff
For Kitco News