Gold down $25
Gold has been under steady pressure since the start of European trading. No one has forgotten how gold was anything but a safe haven in March and that’s shaking out some weak hands with equities struggling.
Technically, the range from $1660 to $1760 is strongly establishing itself and we’re square in the middle of it. I spoke to Neils Christensen of Kitco last week and laid out my thoughts on the precious metal.