Goldhub blog: Posts tagged with "Gold"

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John Reade
Chief Market Strategist
World Gold Council

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.