Gold prices have staged a modest pullback after falling below their 200-day moving average
Gold Prices managed a little bounce in Friday’s European trade but remain on course for their worst monthly showing since February of this year as a range of fundamental and technical factors make life very tough for the bulls.
Other central banks are also apparently set to keep their benchmark rates around current levels. Given that, it’s not difficult to find some comparatively tempting risk-free yields in the government bond markets. Of course holding gold yields you nothing, and usually incurs costs, so it’s not hard to see why investors might exit their metal holdings in favor of paper.has been a great feature of the foreign exchange market this year.
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