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Gold Prices Fall To Daily Lows As Strong Resistance at $1,300 Turns Back Rally Attempt

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Live 24 hours gold chart [Kitco Inc.]

(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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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