Gold Weakens as Safe Haven Flows Reverse
BonTradeGold weakens sharply today as selling against Euro picks up again after XAU/EUR breaks 1030 level. Markets are dominated by reverse safe haven flows. The development drags comex gold futures sharply lower from yesterday's high of 1392.9 and comex gold is now trading near to 1370 level. Such development also indicates that recent choppy recovery in gold is possibly finished and we'd be anticipating deeper fall to have another test on 1350 support level. Silver also follows fold down and is back below 29 and is possibly resuming recent fall.
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Gold Weakens as Safe Haven Flows Reverse
