Full Article: Keener Risk Appetite Tempers Gold Bulls
By: Jim Wyckoff
(Kitco News) – A “risk-on” trader and investor mentality in the marketplace early this week is keeping the safe-haven gold bulls squelched. More profit taking is featured after gold scored a 12-month high last Friday. December Comex gold was last down $4.30 an ounce at $1,331.40. December Comex silver prices were last down $0.027 at $17.875 an ounce.
World stock markets were mostly firmer again overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. The U.S. stock indexes have rallied to record or near record highs early this week, and that’s a significantly bearish development for the gold market.
Full Article: Keener Risk Appetite Tempers Gold Bulls
By: Jim Wyckoff
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