Comex Gold Backs Off on Profit-Taking Pressure After Hitting New High
07 December 2010, 10:35 a.m.
By Jim Wyckoff
Of Kitco News
http://www.kitco.com/
Comex gold futures are under some profit-taking pressure Tuesday morning after notching a fresh all-time record high of $1,432.50 an ounce, basis February futures, in earlier trading. February gold last traded down $3.20 at $1,412.90. The U.S. dollar index has rebounded from its daily low and crude oil futures prices have backed off their daily highs, which is adding some downside price pressure to the precious metals markets.
AuCanary: Silver reached 30.70 before 9am and then pulled back to 29.80, retracing higher to over 30 before 1:30AM EST. Currently at 11:46 Silver is priced at 30.20
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