iShares COMEX Gold Trust (IAU)

[jellogan]

Comex Gold Backs Down as Trade Turns Choppy
13 January 2011, 10:56 a.m.
By Jim Wyckoff
Of Kitco News
http://www.kitco.com/

(Kitco News) -Comex gold futures are trading lower again Thursday morning, in intra-day see-saw price action after briefly pushing higher due to a weaker-than-expected U.S. jobless claims report and a solidly lower U.S. dollar index. February gold last traded down $4.40 at $1,381.40 an ounce.

The gold market bulls have been tentative this week as other commodity markets have seen significant rallies. Better investor risk appetite worldwide this week has worked to somewhat limit buying interest in safe-haven gold.

By Jim Wyckoff of Kitco News; [e-mail]