Rebound In U.S. Dollar Index Spooks Gold Market Bulls

(Kitco News) - Gold prices ended the U.S. day session modestly lower Tuesday. The metal got an early lift from a U.S. retail sales report that showed only tepid growth and did not meet market expectations. However, the modest gains were eroded by the recent sharp rebound in the value of the U.S. dollar against the Euro currency. June gold was last down $2.40 at $1,293.40 an ounce. Spot gold was last quoted down $2.10 at $1,294.00. July Comex silver last traded down $0.018 at $19.525 an ounce.