Comex Gold Ends Down But Up From Daily Low; Bears Remain In Command

Chicago (Nov 26)  Gold prices finished the U.S. day session slightly lower and well up from the intra-day low that notched a nearly five-month low in overnight trading. The market was pressured in part by a weekend announcement that Iran has agreed to end its nuclear weapons programs. The key "outside markets" were also in a bearish daily posture for the precious metals Monday, as the U.S. dollar index was higher and crude oil prices were lower. The charts in both gold and silver markets continue to fully favor the bearish camps. February Comex gold was last down $2.30 at $1,242.30 an ounce. Spot gold was last ...$1,253.