US gold hits 3-month low on technical selling

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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US gold hits 3-month low on technical selling

posted on Feb 04, 2010 10:55AM

NEW YORK, Feb 4 (Reuters) - U.S. gold futures hit a three-month low on Thursday as a sharply weaker euro dragged bullion prices below key support, triggering heavy stop-loss orders.

Other precious metals tumbled too, with silver down 4.6 percent, platinum down 3 percent and palladium almost 4 percent lower.

Gold futures for April delivery <GCJ0> were down $38, or 3.4 percent, at $1,074 an ounce at 10:26 a.m. EST (1526 GMT) on the COMEX division of NYMEX. The session low of $1,065.20 was the cheapest since Nov. 2.

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