Tuesday, May 18, 2010

Gold Prices Retreats 1.1%, Silver Rises – May 18, 2010

by Bullion Prices Staff on May 18, 2010

U.S. gold declined Tuesday with prices falling 1.1% after safe-haven buying faded and the euro fell to a four-year low against the greenback. Support for the metal was still cited, however. "Comex gold futures closed lower and nearer the session low Tuesday, on profit-taking pressure from recent gains," wrote Jim Wyckoff of Kitco News. "Increased […]