Gold Extends Losses After Former FBI Director's Prepared Testimony Remarks-Shanghai Metals Market

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Gold Extends Losses After Former FBI Director's Prepared Testimony Remarks

Industry News 11:31:30AM Jun 08, 2017 Source:Kitco

Jim Wyckoff  

Wednesday June 07, 2017 15:23

(Kitco News) - The gold market saw additional selling pressure in late-afternoon trading Wednesday, following the release of prepared remarks from former FBI director James Comey, for his testimony to the U.S. Congress on Thursday. Comey's prepared testimony text contained no damning comments on President Donald Trump, regarding Comey or any FBI investigation. Still, there are other big news events Thursday that are likely to move the metals markets, including the U.K. general elections and the European Central Bank's monetary policy meeting. August gold was last down $9.90 an ounce at $1,287.60.

Key Words:  gold prices  precious metals 

Gold Extends Losses After Former FBI Director's Prepared Testimony Remarks

Industry News 11:31:30AM Jun 08, 2017 Source:Kitco

Jim Wyckoff  

Wednesday June 07, 2017 15:23

(Kitco News) - The gold market saw additional selling pressure in late-afternoon trading Wednesday, following the release of prepared remarks from former FBI director James Comey, for his testimony to the U.S. Congress on Thursday. Comey's prepared testimony text contained no damning comments on President Donald Trump, regarding Comey or any FBI investigation. Still, there are other big news events Thursday that are likely to move the metals markets, including the U.K. general elections and the European Central Bank's monetary policy meeting. August gold was last down $9.90 an ounce at $1,287.60.

Key Words:  gold prices  precious metals