| Gold might have further to fall in the near term, but market bulls expect the retreat to offer investors who missed gold’s first-half 2016 rally a strong buying opportunity. Bears say it could get ugly first.
Gold futures haven’t suffered a one-day drop as extreme as Tuesday’s selloff since 2013—and the last time they settled this low was on the day the U.K. cast its vote to leave the European Union. The selloff took gold futures well below the technically psychologically important level of $1,300 and ounce—a level not seen since June 23 and the Brexit fallout, said Adam Koos, president of Libertas Wealth management Group...........................................Full Article: Source
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