Gold Falls Below $1,650/oz as Investors on Sidelines Before G20 Meeting

Reuters reported that quiet activity from investors awaiting a G20 meeting later this week pushed gold down below 1,650 an ounce.

As quoted in the market report:

Gold suffered technical selling pressure this week, with prices sliding to their lowest in more than a month at $1,638.82 after breaching a succession of support levels. But analysts expect prices will edge higher in coming sessions on investor short-covering before the Group of 20 summit.

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