Gold futures in US trading weakened again Thursday on technically oriented...
Gold futures in US trading weakened again Thursday on technically oriented fund long liquidation, traders said.
Bearish influences included the continued strength in the U.S. dollar and lower crude oil prices.
June gold lost $1.70 to $432.40, while July silver fell 23.3 cents to $6.948 on Comex division of the NYMEX.
"Funds had some long positions in both gold and silver," said Dave Meger, senior metals analyst with Alaron Trading. "There is fund long liquidation, booking some profits, going into month end."