Gold Down On Technical Selling, Upbeat U.S. Economic Data - Presented by: The Aol. On Network

Gold prices ended the U.S. day session moderately lower Thursday. A lack of fresh, bullish news for the gold market is allowing the technical traders to dominate and the near-term technical posture for gold remains bearish. Also, generally upbeat U.S. economic data released Thursday fell in favor of the bearish camp of gold traders. June gold was last down $10.70 at $1,285.00 an ounce. After digesting Wednesday afternoon’s FOMC statement from the U.S.



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