A.M. Kitco Metals Roundup: Gold Lower on Profit Taking and Technical Correction

(Kitco News) - December Comex gold futures prices are solidly lower in early U.S. trading Friday, as shorter-term traders are taking some profits after the recent strong price gains. Prices are also seeing a downside technical correction after the big rally late this week. December Comex gold was last down $19.70 at $1,349.60 an ounce. Spot gold was last quoted down $15.30 at $1350.25. December Comex silver last traded down $0.747 at $22.545 an ounce.