Gold in Sharp Sell Off As Bears Reassert Technical Control

(Kitco News) - Gold prices ended the U.S. day session solidly lower Thursday as technical selling pressure re-emerged due to a lack of fresh, bullish fundamental news. The higher U.S. dollar index Thursday was also a bearish "outside market" factor for the precious metals markets. February gold was last down $31.40 at $1,225.80 an ounce. Spot gold was last quoted down $26.30 at $1226.50. March Comex silver last traded down $0.886 at $19.47 an ounce.