Gold Weaker On Profit Taking in Choppy, Two-Sided Session

Gold prices were ending the U.S. day session weaker Tuesday, on some profit taking and technical chart consolidation after posting modest gains and hitting a three-month high earlier in the day. A sell-off in the U.S. stock market did limit the downside for safe-haven gold. Also, gold bulls still have some technical momentum on their side as prices are in an uptrend on the daily bar chart. April Comex gold was last down $4.40 at $1,123.60 an ounce. March Comex silver was last down $0.083 at $14.26 an ounce.

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