Gold Weaker On Corrective Pullback From Recent Gains

Gold prices in early U.S. trading Thursday are seeing a downside technical correction and some mild profit-taking pressure following recent gains. However, there is still some risk aversion in the world marketplace that will limit selling pressure on the safe-haven precious metal. February Comex gold was last down $7.10 at $1,099.10 an ounce. March Comex silver was last down $0.07 at $14.09 an ounce.

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