Gold PRICE drops to daily low amid little risk aversion

New York (Oct 15)  Gold and silver prices are down and have hit session lows in early U.S. trading Tuesday. The precious metals are suffering from a lack of fresh, bullish fundamental news developments that would invite safe-haven demand from investors. Also, the competing asset class equities see the U.S. stock indexes poised for higher openings when the New York session begins. The U.S. stock indexes have rebounded strongly from their October dips and are now not far from their yearly highs. December gold was last down $5.20 an ounce at $1,492.40.

By 11:15am EST spot gold had plummeted $15 to $1,479, while spot silver was pounded down nearly 2% to $17.42. Meanwhile, spot platinum slid $9 to $884. HOWEVER, spot palladium soared $28 to $1,734...as Wall Street stock jump.

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