Gold futures continued to sell off today in thin trading expectations for the economy helped send the U.S. dollar higher. Gold fell to the lowest level in seven weeks dropping $4.50 to $1,082.20 an ounce earlier this morning.
As you can see from the GLD chart above, it hasn’t taken Gold much time to completely erase the past two month’s of gains. Now it seems to be nearing support at some key technical levels.
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