Gold falls below $1500 to two-week low

Technical Analysis

Gold at the lows of the day

Gold fell below Friday’s low and continued through $1500 as the US dollar rises and Treasury yields tick higher.

The mode in markets since late last week has been a reversal in the August trend of USD-strength, bond strength, risk aversion and gold gains. Gold was higher earlier in the day but has been under growing pressure since New York arrived.

ForexLive

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