A.M. Kitco Metals Roundup: Gold Sees More Selling Pressure As Bears In Command

(Kitco News) - Comex gold futures are trading solidly lower Friday morning and hit a four-week low, the seventh trading day in a row of losses--marking its longest losing streak in four years. Weak long liquidation and technical short selling are featured late this week in the gold futures market. June Comex gold last traded down $16.00 at $1,370.70 an ounce. Spot gold was last quoted down $16.80 at $1,376.25. July Comex silver last traded down $0.344 at $22.315 an ounce.