Skip to main content

Gold takes another hit to below $2,600

Gold has just now fallen to below $2,600. The metal has been under pressure since the last update here yesterday noted it falling back towards that level. You were warned of the risks of further downside early yesterday morning, when the metal confirmed the double top at $2,710 by breaking below $2,643. So, it is hoped that technical observation served you well?  Gold had closed in the US last night at $2,618.82 after holding above $2,610. The low seen a short while ago was set at $2,595.32 and this move continues to underscore the reasons for the relapse since the outcome of the US election. Gold is currently trading at $2,598.10

Ready to Get Started?

Start here. Join over 3M Libertex users around the world!