P.M. Kitco Roundup: Gold Lower, Hits 4-Wk Low, on Long Liquidation, Tech. Selling Ahead Of FOMC Result

(Kitco News) - Comex gold futures prices ended the U.S. day session with solid losses Tuesday, pressured by technical selling, including pre-placed sell stop orders being triggered. Weak-handed long liquidation was also featured ahead of results from a very important U.S. central bank meeting. Comex August gold last traded down $16.70 at $1,366.40 an ounce. Spot gold was last quoted down $17.60 at $1,367.50. July Comex silver last traded down $0.113 at $21.645 an ounce.