Gold Weaker On Improved Investor Risk Appetite, Firmer U.S. Dollar Index

(Kitco News) - Gold prices are moderately lower Wednesday on some more profit-taking and weak long liquidation. At mid-week investor risk appetite has up-ticked, which is a negative for the safe-haven yellow metal. A firmer U.S. dollar index today is also limiting buying interest in the precious metals markets. February Comex gold was last down $4.80 at $1,080.50 an ounce. March Comex silver was last up $0.044 at $13.795 an ounce.