Gold prices saw a modest sell off in late-morning Trading Wednesday, as a report the European Central Bank would indeed announce a quantitative monetary stimulus plan boosted U.S. and European stock markets, which in turn prompted some profit-taking pressure in gold. Early on, gold prices had moved above what was psychological resistance at the $1,300.00 level and hit another five-month high. February Comex gold was last down $3.80 at $1,290.50 an ounce. Spot gold was last down $3.60 at $1,291.00. March Comex silver last traded up $0.209 at $18.175 an ounce.
