From: Forbes - Investing
(Kitco News) ? Comex gold and silver futures have moved to daily lows and are trading sharply lower on profit-taking pressure in gold and some long liquidation in silver. The downmove in the precious metals coincides with the sell off in the crude oil market following a bearish weekly U.S. Department of Energy crude oil stocks report. Also, the U.S. dollar index has moved well off its daily low and is trading near its daily high, and that?s a negative for the precious metals. There has been no major, fresh fundamental news Thursday at midday to prompt the sell off in the precious metals. August gold last traded down $17.70 an ounce at $1,525.50. July silver was down $1.70 at $35.98.
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