• Goldhub
  • Insights
  • Heavy selling has been seen across all four precious metals this morning. Gold has dropped
  • Heavy selling has been seen across all four precious metals this morning. Gold has dropped

    16 March, 2020 11:15

    Heavy selling has been seen across all four precious metals this morning. Gold has dropped $50/oz and is now trading around $1477/oz.

    The break of the 200 day moving average - at about $1500/oz - seems to have triggered stop-loss selling.

    RSI now oversold FWIW. https://t.co/Db5oDuRYaS

    Gold's fallen sharply but platinum's move is more of a collapse. https://t.co/7gDt1XATJS

    Even palladium, darling of the precious metals market, has fallen far and hard. https://t.co/EhreOVyiUO

    As to silver, OMG!

    And note: platinum, palladium and silver have been oversold on a 14-day RSI for a number of days. This shows its not an automatic buy signal. https://t.co/o7eym7nAym