Gold Sees Corrective Pullback Amid Bearish Outside Markets

Gold prices ended the U.S. day session solidly lower Tuesday and gave back about half of Monday’s strong gains. Lower crude oil prices and a sharply higher U.S. dollar index were bearish “outside market” forces working against the precious metals markets on this day. February Comex gold was last down $20.00 at $1,198.10 an ounce. Spot gold was last down $13.70 at $1,199.50. March Comex silver last traded down $0.257 at $16.43 an ounce.

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