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Gold, silver down as risk appetite slightly up

From kitco.com

Gold prices are solidly lower and silver modestly down in midday U.S. trading Monday. Both metals’ prices are up from their daily lows, however. Less risk aversion in the marketplace early this week is prompting profit taking and weak long liquidation from the futures traders. April gold was last down $24.80 at $1,959.00 and May silver was down $0.189 at $23.15. Global stock markets were mostly higher overnight. U.S. stock indexes are mixed at midday. Risk appetite is slightly keener Monday and that’s a negative for the safe-haven metals. The U.S. and European banking systems appear to have stabilized, at least for ... (full story)

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  • Category: Fundamental Analysis