Gold Sees Downside Chart Consolidation After Notching 9-Week High Early On

Posted by JIm Wyckoff via Kitco

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(Kitco News) – Gold prices ended the U.S. day session with modest losses Monday, on downside technical chart consolidation after hitting a nine-week high in overseas action earlier. Some risk aversion is apparent in the market place at present, and that has recently boosted safe-haven gold. April gold was last down $6.30 at $1,258.20 an ounce. Spot gold was last quoted down $10.70 at $1258.75. March Comex silver last traded down $0.055 at $19.71 an ounce.

There is still some anxiety in the market place Monday….

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