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Gold slide continues as falls extend to $40 from the top

The slide in Gold prices following that reserve data news out of China has now seen the metal fall by around $40 from the earlier Asian session high. It is hard to gauge just how much further it might fall from here. The market has been caught unawares by this news and the subsequent fall is all about longs being pushed out of the game. So, it remains to be seen, exactly where value buyers might look to re-load, if at all. Gold is currently trading at $2,340.90 
 

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