Gold Is Falling Like a Rock

I guess, technically, gold is an element. Either way, spot gold has not been in a good mood lately. This is a little surprising since some of the industrial sectors have done a little better in a relative sense.

Spot gold has now dropped for the last eight days in a row, and it’s nearing key support levels (around $1,200 per ounce).

Posted by Eddy Elfenbein on May 31st, 2016 at 9:44 am

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.