Gold Prices Drop To Daily Low On Technical Selling
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(Kitco News) - Gold prices have fallen to modestly lower levels and are trading at their session lows in morning dealings Friday. Some chart-based selling is featured following Thursday's solid losses. Also, futures prices slipped below this week's previous low to set off some sell stop orders. However, selling interest in gold is being limited by weaker U.S. stock indexes and the fact the weekend lies just ahead. June gold was last down $3.00 an ounce at $1,283.20.