Silver settles at fresh low for the year; gold drops in back-to-back sessions - MarketWatch

Silver settles at fresh low for the year; gold drops in back-to-back sessions  MarketWatch

METALS STOCKS By Rachel Koning Beals Reuters Gold and silver futures on Tuesday posted losses for a second straight session, with strength in the dollar and modest gains in the U.S. stock market pushing down prices for the precious metals after last week’s gains. An upbeat economic reading added to the downbeat tone for haven metals. U.S consumer confidence rising to 18-year highs “isn’t helping gold prices, but the real driver is inflation, or the lack of it,” said Adrian Ash, director of research at BullionVault. Gold for June delivery on Comex (GCM19) fell $6.50, or 0.5%, to settle at $...

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