Gold Euro Price Chart
Gold prices turned sharply lower on Monday during the American session. XAU/USD dropped below $1730/oz and tumbled to $1716,
Spot gold was trading at $1,727.39 per ounce by 0248 GMT, having dropped 1.4% on Thursday. U.S. gold futures rose 0.3% to $1,726.50. Bullion had rallied to its highest since October 2012 on Monday,
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Bounce from Thursday’s low stalls at $1,730. Gold’s recovery rally from Thursday’s low of $1,715 looks to have stalled at.
WTI consolidates after recent gains. WTI has been on the rise over recent weeks, with yesterday’s June expiry adding greater.