Gold futures prices ended the U.S. day session lower, with the spot, or cash, market finishing with slight gains. Prices fell back below the key $1,200.00 level, in a volatile day that saw prices trade both sides of unchanged. Safe-haven demand early in the session gave way to selling pressure on ideas upcoming FOMC data will favor the U.S. monetary policy hawks. The gold and silver bulls have now lost most of the technical momentum they gained last week. February Comex gold was last down $12.40 at $1,195.20 an ounce. Spot gold was last up $1.40 at $1,195.40. March Comex silver last traded down $0.808 at $15.755 an ounce.
