Gold price sharply down; key question: when will bulls buy the dip?
(Kitco News) - Gold and silver prices are sharply lower in early U.S. trading Monday. Once again, the safe-haven metals bulls are frustrated their markets are not being supported by keener anxiety in the marketplace amid a global stock market sell off. The past few months have seen gold and silver face selling pressure when the U.S. stock market experiences the same. A stronger U.S. dollar index today, along with weaker crude oil prices, are working against the metals markets bulls. The gold and silver markets remain in overall bullish technical postures. Gold and silver traders are once again wondering at what point the bulls will step in to buy this latest dip in prices. Oct. gold was last down $35.90 at $1,917.30.