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Gold, silver succumb to mild profit-taking pressure

From kitco.com

Gold and silver prices are modestly down in midday U.S. trading Tuesday, on some routine profit taking from the shorter-term futures traders. Still, the sellers are constrained by the still-bullish technical chart postures in place for both metals. However, the buyers of the safe-haven metals are tentative at present amid little risk aversion in the global market place. August gold futures were last down $4.40 at $1,893.20 and July Comex silver was last down $0.273 at $27.745 an ounce. Global stock markets were mixed in quiet overnight trading. U.S. stock indexes are narrowly mixed at midday. Risk aversion in the ... (full story)

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  • Category: Technical Analysis