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Gold Plumbs Lows in the $1,700 Region as Risk-On Continues

Published 27/11/2020, 14:10
Updated 27/11/2020, 14:14
© Reuters.

© Reuters.

By Barani Krishnan

Investing.com - Gold prices hit lows in the $1,700 region on Friday as the risk-on appetite across financial markets diverted more money from the safe-haven into equities.

By 9:05 AM ET (14:05 GMT), gold December delivery on New York’s Comex was down $29.40, or 1.6% at $1,1776.10. It earlier fell to $1,772.65, a low not seen since June, when it sunk to an intraday bottom of $1,690.10.

Latest comments

I would be grateful if someone, a technical analyst, could suggest an approximate floor price of gold. It has previously gone below 1700, so buying now could be a mistake.
buy now!!
gold buying level
Risk on is time for stock price going south for a while, time for buying gold now
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