Gold continued to trade in a tight range on Thursday, awaiting a fresh catalyst. That catalyst was not the European Central Bank (ECB) announcement that left interest rate policy unchanged, said Phil Streible, chief strategist for Chicago-based RJO Futures. Streible said that gold will need to break up through the $1,360-65 level to bring in fresh buying. Gold and silver prices ended the U.S. day session lower Thursday, on more profit taking from recent gains that pushed both metals to a three-week high Wednesday. December Comex gold was last down $9.30 an ounce at $1,339.90. December Comex silver was last down $0.193 at $19.655 an ounce.
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