Gold, silver sell off on profit-taking from shorter-term specs

(Kitco News) – Gold and silver prices are lower in midday U.S. trading Tuesday, on profit-taking from the shorter-term speculative futures traders and amid some improved trader/investor risk appetite in the general marketplace. Gold hit a six-week high on Monday, while silver hit a record high. February gold was last down $54.90 at $4,219.90. March silver prices were down $0.797 at $58.37.