Hk Gold, Silver End Down, Could Test Lower

Hong Kong spot gold ended lower yesterday, pulled down by silver, which was hit by more fund-selling, traders said. Bullion ended at US $294.10/60 per ounce compared to New Yorks previous close at US $294.20/70 on Friday. Spot silver ended at US $6.04/09 an ounce after ending at US $6.07/10 in New York on Friday. Silver fell on fund-selling, continuing the downward trend in New York on Friday amid tightness in the physical market.