Gold Ends Weaker on Technical Selling, Stock Market Rally

(Kitco News) - Comex gold futures ended the U.S. day session moderately lower Tuesday, while the spot (cash) gold market was near unchanged. More chart-based selling pressure was featured as the metal’s overall near-term technical posture remains in favor of the bears. A rally in the U.S. stock market Tuesday also pulled away investor monies from other asset classes, including precious metals. June gold was last down $3.30 at $1,295.70 an ounce. Spot gold was last quoted down $0.60 at $1,296....