Gold Price Sees Mild Profit-Taking Pullback

London (Feb 2)  Most world stock markets faced selling pressure Tuesday, mainly due to the resumption of the slide in crude oil prices. European and most Asian stock indexes were down Tuesday. Nymex crude oil prices are lower again today and trading near $30.50 a barrel. Reports overnight said most OPEC officials do not favor holding an emergency meeting to discuss oil production cuts.

Spot silver is basically flat at $14.27.

Source: KitcoNews