Gold Ends Solidly Lower on Bearish Outside Markets, Fresh Technical Selling

(Kitco News) - Comex gold prices ended the U.S. day session solidly lower and hit a fresh six-week low Tuesday. The precious metals were hit by fresh technical selling and by fully bearish outside markets—a higher U.S. dollar index and sharply lower crude oil prices. Risk aversion was keen in the market place Tuesday, which put selling pressure on most of the raw commodity sector, including the precious metals. December gold last traded down $16.90 at $1,709.40 an ounce. Spot gold was ...