| Such was the scale of last week’s sell-off, it sparked worries we are seeing a re-run of the events of 2008, when the global financial meltdown began. Gold was the main headline-grabber, as the “safe haven” metal saw a dramatic plunge in its price.
On Thursday, the spot gold price dropped below its 200-day moving average, a threshold that previous slides had failed to breach for three years. Market-watchers said gold was falling through both psychological and technical barriers, as the drop triggered sell-offs by computer trading programmes...............................................Full Article: Source
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