Make Kitco Your Homepage

AM-PM Roundup

Gold Recovers Some Losses As Bargain Hunters Step In

Jim Wyckoff

Kitco News

Ed Note: We are proud to unveil our new mining page, an entire space dedicated to up-to-the-minute news, with exclusive industry interviews and all the relevant information you need, rounded in up in one spot. Who is merging? Who is Buying? Who is Digging? We got you covered!

Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have gotten back some of the steep losses experienced over the past 24 hours. Bargain hunters have stepped in, reckoning this is just another normal downside price correction amid an uptrend that is still in place on the daily bar chart. Also, having had some time to reflect, an easier Federal Reserve monetary policy, albeit maybe not as easy as the metals market bulls were wishing, is still overall friendly for precious metals prices. December gold futures were last down $10.80 at $1,427.10.

By Jim Wyckoff

For Kitco News

Contact jwyckoff@kitco.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.