P.M. Kitco Metals Roundup: Gold Gives Back Most of Tuesday's Gains as Investor Risk Appetite Upticks Wednesday

(Kitco News) - Gold futures prices ended the U.S. day session sharply lower Wednesday, as moderate early losses accelerated to sharply lower levels later in the trading session. An increase in investor risk appetite saw solid rallies in the U.S. stock indexes Wednesday, which worked to pull way safe-haven demand for gold that surfaced Tuesday. Many weak-handed longs who had entered the gold market just recently were also washed out Wednesday. Wednesday's price action confirmed the bulls have hea...