Gold, silver bounce back Tuesday; bulls have more work to do

Gold, silver bounce back Tuesday; bulls have more work to do

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( Kitco News ) – Gold and silver futures prices are posting solid gains at midday Tuesday, but still have a way to go to reclaim Monday’s strong losses that produced some near-term chart damage. The precious metals bulls are now working to stabilize their markets and made some progress today. December gold futures were last up $27.80 at $1,882.30 and December Comex silver was last up $0.839 at $24.54 an ounce.

The gold market Monday saw strong losses that were the worst in seven years and pushed prices to 3.5-month lows. Gold market bulls on Tuesday were possibly focusing more on the economic impact of record-setting monetary stimulus measures that have been enacted by central banks over […]

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