Comex Gold Sees Corrective Technical Bounce And Short Covering

(Kitco News) - Comex gold futures prices are modestly higher and seeing an upside technical correction and short covering following recent selling pressure that on Monday drove prices to a nearly five-month low. The key "outside markets" are in a bullish posture for the precious metals Tuesday, as the U.S. dollar index is weaker and crude oil prices are firmer. February Comex gold was last up $5.70 at $1,247.30 an ounce. Spot gold was last quoted down $3.60 at $1248.50. March Comex silver last ...