Gold Sells Off Amid Increased Investor Risk Appetite

Gold prices ended the U.S. day session moderately lower Tuesday, but up from the daily lows. Better trader and investor risk appetite Tuesday that boosted the world stock markets was a negative for safe-haven gold. However, fully bullish “outside markets”—sharply higher crude oil and a sharply lower U.S. dollar index—did help to lift gold prices up from their daily lows. April Comex gold was last down $12.90 at $1,264.10 an ounce. March Comex silver last traded up $0.144 at $17.395 an ounce.

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