June futures $1234.7 down $16.80, Kitco spot $1233.30 down $14.90.
Gold prices are lower and scored a four-week low in early U.S. trading Tuesday. The recent rally in the U.S. dollar index remains a bearish outside market force for the precious metals markets. June Comex gold futures were last down $10.30 an ounce at $1,241.00. July Comex silver was last down $0.103 at $16.325 an ounce.Also at Kitco:
World stock markets were mixed and choppy overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. Global equity traders continue to closely watch crude oil prices, which are firmer in early U.S. trading Tuesday. Trading days on which oil prices are lower have tended to limit buying interest in stocks. Notions of an ongoing world oil glut are keeping crude gains in check. Oil traders are awaiting the June 2 OPEC meeting in Vienna, Austria.
The other key “outside market” finds the U.S. dollar index higher Tuesday and hitting a seven-week high. The greenback has been trending higher for the past three weeks....MORE
Gold Prices Fall To 4-Week Low With Market Missing Key Asian Pillar
Gold remains on the defensive Tuesday, with prices falling to a four-week low, and there are some concerns that the lack of Asian demand could lead to lower prices in the near term....MORE