Gold Tumbles but Long-term Uptrend Remains Intact
BonTradeGold tumbled on Monday after faltering below the record high of 1266.5 amid profit-taking and limited impacts from G-20's communique and US economic data. The benchmark contract for the yellow metal slumped -1.40% and settled at 1238.6. Downside risk remains for gold in the near-term if there lacks catalyst to push price higher. However, the uptrend remains intact in the long-term as concerns over sovereign crisis in the Eurozone have not abated yet.
Read the rest here:
Gold Tumbles but Long-term Uptrend Remains Intact
