US gold and silver prices capped by equities rebound

摘要

After a $13 surge earlier in the week, COMEXngold futures settled back at the $1,660/oznlevel in Wednesday trading, as a recovery innequities markets put a damper on safe-havennbuying. Gold for June delivery, the activenmonth, slipped 40 cents to settle floor tradingnat $1,660.30/oz. In after-hours tradingnas of 2:10 p.m. EDT, June gold edged downn$2.90 to $1,657.80, after rallying to an intradaynhigh at $1,663.90, from a session low atn$1,653.50. Silver for May delivery slid $0.158nto settle Wednesday floor trading at $31.521oz. A trader told Platts that a rebound in thenequities markets likely served as a check onnfurther price gains Wednesday. “You may benseeing gold prices capped to an extent on thenrecovery in equities markets both in Europenand in the US,” he said. “There was a slightnmove away from safe-haven assets.” Still, henadded, “