Profit taking hits gold, silver markets

(Kitco News) – The gold and silver markets have backed well down from their daily highs in late-morning trading Wednesday. Some normal profit taking from the shorter-term futures traders is featured on a quieter news day. December gold was last down $5.20 at $1,546.60. December silver was last up $0.057 at $18.355.

By Jim Wyckoff
For Kitco News

Contact jwyckoff@kitco.com
www.kitco.com

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