LOS ANGELES, CA (NAMC) - On Tuesday the sell off of gold and silver by funds and the lower interest of buyers sitting on the sidelines pushed U.S. gold and silver futures sharply lower in early trading. This is in spite of a weaker dollar and oil slipping to the $65 range.

The most active on the COMEX before 10am EST were gold for June delivery which was down $6.90 at $676.60 an ounce, trading in a tight range from $675.40 to $682.30.

Gold will fluctuate as we head into the summer months but may indeed reach the $800 number late summer and as we head into September.

Michael Rossi
Business News Correspondent
NAMC Newswire
www.namcnewswire.com

NAMC Newswire Note:

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