Gold prices have fallen dramatically since our last dispatch on Friday. From the start of Asian trading Sunday to this morning’s trade in N.Y., gold prices have gone nowhere but down… losing $30 over the weekend. As we write, an ounce will cost you $802.
We suspect high gold prices spurred a bout of profit taking, but are also curious to see if $800 sets up as a new support level for the curious ancient currency.
We suspect high gold prices spurred a bout of profit taking, but are also curious to see if $800 sets up as a new support level for the curious ancient currency.
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