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Gold slides to fresh interim lows as stocks tumble
Earlier today Gold was looking pretty comfortable, as all the US equity futures piled on the gains ahead of the opening. Well, it is not looking too comfortable right now. Earlier Gold reached a new high on the week, at $4,363.41. It has since fallen all the way back to below the low seen on Friday, when it dropped top $4,268.80.
Gold has just now fallen to $4,263.30 and it is not beyond the bounds of possibility that it might fall further, but much will depend on how much further these US stock markets have to fall.
Gold is currently just on the rebound a bit, trading at $4,276.50
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