Gold futures rebounded from substantial losses on Tuesday as the U.S. dollar
turned lower against the euro currency this afternoon. COMEX gold futures for
February 2012 delivery the most actively-traded contract fell to as low as
$1,705.70 per ounce this morning amid widespread selling in precious metals.
However, the yellow metal bounced back to close with just a $2.70, or 0.2%, loss
at $1,731.80 per ounce, Silver futures followed a similar path to that of gold,
with the COMEX February 2012 contract sliding to an intra-day low of $31.65 per
ounce early in the day.
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