| Gold prices ended the U.S. day session moderately lower Monday and is hovering close to last week's 5.5-year low. Weighing on gold was the U.S. dollar index hitting a seven-month high.
'The USDX remains in a near-term price uptrend and the bulls have the firm technical advantage. Meantime, Nymex crude oil prices were lower and hit a three-month low overnight. Oil is trading just above $40.00 a barrel and bears are in solid technical control,' said Jim Wyckoff, Senior Technical Analyst for Kitco Metals in an interview on Monday. Silver futures were also weaker and hit a six-year low today...............................................Full Article: Source
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