AM Kitco Metals Roundup: Gold Trading Near Steady but Bearish Outside

Gold market update for Wednesday, March 27th. Gold remains flat here at midweek as events in “outside markets” are putting some pressure on the yellow metal. A stronger dollar index and weaker crude prices are holding down gold, but the metal continues to enjoy “safe-haven” appeal, which is limiting movement to the downside. This year’s stock market rally is also putting downward pressure on gold, but that could wane as the rally is in its “maturity” phase. Read more…