| Gold prices finished the U.S. day session near unchanged Tuesday as the market saw chart consolidation after recent strong selling pressure. Some more short covering in the futures market and a bit of bargain hunting in the cash have been featured early this week. The gold and silver bears remain in firm technical control of their markets. December Comex gold was last up $0.40 at $1,088.50 an ounce. December Comex silver was last down $0.033 at $14.38 an ounce.
Reports overnight said demand for physical gold is picking up in India, the world’s second-largest gold consumer. The festival season in India has begun, during which time it is customary for citizens there to buy gold. This news did limit selling pressure in the gold market today...............................................Full Article: Source
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