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Gold Breaks Below Key Support, Drops To 4-Month Lows

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Zero Hedge
December 5, 2017

At 0907ET, someone decided it was the perfect time to dump $1.5 billion notional worth of gold, smashing the precious metal below its 200-day moving-average and back down to 4-month lows…

And so, once again, gold futures are tumbling…

To 4-month lows…but still up around 10% year-to-date…

What’s driving the gold weakness? Who knows… because it’s not the dollar…

  • A d v e r t i s e m e n t

Though Gold’s sensitivity to USDJPY has picked up notably…

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This article was posted: Tuesday, December 5, 2017 at 12:27 pm

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