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Gold Declines More Than 5.3 Percent In Morning Trade

Gold Declines More Than 5.3 Percent In Morning Trade

Daniel Dubrovsky, Strategist

Talking points:

  • XAUUSD declined more than 5.3 percent in morning trade
  • Gold futures declined more than 4.6 percent in morning trade
  • Volume for gold futures remained low

Gold declined more than 5.3 percent versus the US Dollar in the early hours of Monday. The precious metal fell to its lowest level since February 11th, 2010, marking a fresh 5-year low. Looking at gold futures, they declined more than 4.6 percent in early trade while volume remained low. As of this market alert: XAUUSD is down 2.31 percent to 1108.00, and gold futures are down 2.5 percent to 1106.3.

XAUUSD 5-Minute Chart:

GOLD DECLINES 5.3%

Gold Futures Daily Chart:

Gold Declines More Than 5.3 Percent In Morning Trade

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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