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Reuters reported that gold slid to a 10-month low on Thursday as investors were selling to cover sizeable equity losses.
Reuters reported that gold slid to a 10-month low on Thursday as investors were selling to cover sizeable equity losses.
As quoted in the market report:
The environment for gold is pretty bearish now. I think if gold tests the lower trend channel, it has the potential to drop to the $1,530 level,” said Joyce Liu, an investment analyst at Phillip Futures in Singapore.
