Gold was under pressure again Tuesday “as the slow moves higher in recent weeks met with selling by investors who were reluctant to bet on the yellow metal making a fresh bull run,” Dow Jones Newswires reported.
“Failure to reach the $1,700 a troy ounce mark has evidently prompted speculative investors to close long positions,” analysts with Commerzbank said in a note, according to the report.
iShares Silver Trust
Full disclosure: Tom Lydon’s clients own GLD and SLV.
