Gold Extends Losses After Former FBI Director's Prepared Testimony Remarks

(Kitco News) - The gold market saw additional selling pressure inlate-afternoon trading Wednesday, following the release of prepared remarksfrom former FBI director James Comey, for his testimony to the U.S. Congress onThursday. Comey's prepared testimony text contained no damningcomments on President Donald Trump, regarding Comey or any FBI investigation.Still, there are other big news events Thursday that are likely to move themetals markets, including the U.K. general elections and the European CentralBank's monetary policy meeting. Augustgold was last down $9.90 an ounce at$1,287.60.

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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