P.M. Kitco Roundup: Gold Sharply Lower On Technical Selling, Less Risk Aversion

(Kitco News) - Gold prices ended the U.S. day session with sharp losses and hit a four-week low Thursday. Deteriorating near-term chart postures for both gold and silver markets are leading to fresh technical selling pressure this week. More risk appetite in the market place has also been a bearish factor for safe-haven gold. A much better showing for the latest U.S. weekly jobless claims data Thursday also added to the selling pressure in gold and silver. December Comex gold was last down $33....