Gold Under Stress Following Upbeat US Consumer Confidence Data

Gold Silver Reports — Gold slipped from its one month high as positive undertone in equities and sound US economic data pulled the metal lower. COMEX Gold is currently quoting down 0.48% at $1253 per ounce. MCX Gold futures are also down 0.60% at Rs 28675 per 10 grams. US stocks moved mostly higher over the course of the trading session on Tuesday. With the upward move on the day, the Dow managed to end an eight-session losing streak.

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