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Gold, silver a bit weaker but up from daily lows

From kitco.com

Gold and silver prices are slightly down in midday U.S. trading Wednesday. Trader and investor attitudes remain very upbeat at mid-week, which is a negative for the safe-haven metals. However, losses in gold and silver are limited as both metals' near-term technical postures have improved recently. June gold futures were last down $1.60 at $1,741.40 and May Comex silver was last down $0.022 at $25.20 an ounce. Global stock markets were flat to narrowly mixed overnight. U.S. stock indexes are also mixed at midday. The Dow and S&P 500 indexes have hit record highs this week. Traders and investors continue to ... (full story)

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  • Category: Technical Analysis