Lack of Liquidity Pushes Gold Down to One-Month Low

Reuters reported that gold fell to a one-month low on Monday, pulled down by a lack of liquidity and thin trading during the Asian Lunar New Year holiday.

As quoted in the market report:

Spot gold fell as much as 1.4 percent to $1,643.24 an ounce, its lowest since January 7. Sell stop orders were triggered as the metal fell out of its recent range between $1,660 and $1,680 and as selling accelerated as the metal broke below its late January low of $1,651.93, traders said.

To view the whole Reuters report, click here.