Wednesday, May 19, 2010

U.S. gold prices on Wednesday retreated toward $1,190 an ounce as profit-taking was again in play. All metals were driven down, with palladium tumbling the most with its 9.3% dive. "Heavier profit-taking and downside corrective pressure hit Comex gold futures Wednesday as prices dropped below psychological support at $1,200 an ounce," wrote Jim Wyckoff of […]