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UBG - More Downside Potential In Gold - Another Buying Opportunity On The Horizon
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Since reaching the highest price since 2013 in early September at $1,559.80 per ounce, gold has been leaning lower. The yellow metal fell to its most recent low at $1,446.20 on November 12, and it was a lot closer to the low than the September peak on November 29.
The correction in gold continues to put selling pressure on the market, and we are likely to see lower levels before the precious metal finally reaches a bottom.
All of the reasons why gold broke to the upside before the summer remain supportive factors. Global interest