Home The WatchIndices news Gold Futures Decline, Analyst Cites Profit Taking

Gold Futures Decline, Analyst Cites Profit Taking

by Amwal Al Ghad English

Gold futures fell in Asian trading hours on Tuesday, with the December contract down $13.30 at $1,757.30 an ounce.

Gold retreated in New York on Monday, moving lower after a strong rally the previous week. “A late burst of profit taking and fresh selling drove prices down….[the] path of least resistance is lower but limited as the market is likely to consolidate,” said metal analysts at HSBC.

Marketwatch

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