The gold market was catching a breather on Monday with futures trading sideways after a brutal week which ended with gold falling through key support levels to a more than four-year low. In early afternoon trade on the Comex division of the New York Mercantile Exchange gold for December delivery was changing hands for $1,170.90 an ounce, down $0.60 from Friday's close.
The gold price was battered on Friday by a quadruple shot – the end of US economic stimulus, a record-setting surge in equities, further falls in the crude oil price and a rampant dollar – falling to levels last seen July 2010...............................................Full Article: Source
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