DJ PRECIOUS METALS: NY Gold Seen Down $8, Silver Down 30 Cents
By Matt Whittaker
Of DOW JONES NEWSWIRES
December gold futures are expected to open floor trading in New York around
$8 an ounce lower Tuesday, based on electronic activity ahead of the pit
session at the Comex division of the New York Mercantile Exchange. December
silver is expected to be down about 30 cents an ounce.
In overnight activity, spot gold edged lower as oil prices dipped and the
dollar failed to recover from its slide on Monday.
Crude oil is down $2.31 at $60.10 and the ICE Futures U.S. dollar index is up
0.092 point at 86.004.
In New York Monday, December gold rose $12.30 to $746.50 an ounce. December
silver rose 25.7 cents to $10.22 an ounce.
Comex gold warehouse stocks were down 197,513 ounces at 8,372,435 ounces
Monday, while silver stocks were down 2 ounces at 129,057,717 ounces.
-By Matt Whittaker, Dow Jones Newswires; 201-938-5959;
matt.whittaker@dowjones.com
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