A.M. Kitco Metals Roundup: Gold Sees More Selling Pressure On Weak Long Liquidation, Short Sellers in Futures

(Kitco News) - Gold is in the spotlight of the world market place Thursday as prices are again posting solid losses in early U.S. trading. Gold has been dropping for the past week and hit a four-week low Thursday. June gold futures on Wednesday dropped and closed below important psychological support at $1,400.00 an ounce, to further erode the near-term technical posture of the yellow metal. Weak long liquidation and fresh technical short selling in the gold futures market are featured Thursday ...