Comex February gold futures prices are trading near unchanged in early U.S. dealings Tuesday. The market is trying to stabilize following recent strong selling pressure that saw prices hit a fresh seven-week low overnight. Fresh near-term technical damage has been inflicted in gold with Mondays sharp losses. February gold last traded up $1.00 at $1,669.20 an ounce. Spot gold charts last traded down $0.20 an ounce at $1,665.75. March Comex silver last traded up $0.378 at $31.38 an ounce.

Gold market traders are doing a bit of nibbling and bargain hunting after the recent selling pressure. Some fresh physical demand from India has also been reported Tuesday, following the recent dip in prices.

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