Gold Prices Fall To Daily Lows As Strong Resistance at $1,300 Turns Back Rally Attempt
(Kitco News) - Gold prices overnight came within about $2.00 of hitting the psychologically important $1,300.00 level, but in early U.S. Comex futures trading the yellow metal has dropped to its daily low. The gold market bulls will have to push prices back above strong chart resistance at $1,300.00, to begin to suggest the market has put in a near-term bottom. June gold was last down $4.00 an ounce at $1,288.00.
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