Analysis on Gold Price Drop: More Profit-Taking, Weak Long Liquidation – Kitco NEWS

In a surprising turn of events, the gold price experienced a notable downturn. This financial movement comes as both more profit-taking and weak long liquidation are in play. With investors choosing the time to cash in on their gold investments, coupled with a considerably weak long liquidation, has put additional pressure on the gold price. Overall, the day presented a challenging scenario for traders dealing with the precious metal. The experts at Kitco NEWS will continue to provide detailed and timely coverage of all movements in the gold market. Read More


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