(Bloomberg) -- Gold in New York extended losses to a
three-month low after technical signals suggested the price may
be poised to fall. Silver also declined.
Gold traded below its 200-day moving average yesterday, a
technical signal that the price may have further to fall. Gold
lost 1.4 percent yesterday and silver plunged 4.7 percent. Gold
has fallen 7.7 percent since reaching this year's high of $698 on
April 20.
Read more at Bloomberg Commodities News
three-month low after technical signals suggested the price may
be poised to fall. Silver also declined.
Gold traded below its 200-day moving average yesterday, a
technical signal that the price may have further to fall. Gold
lost 1.4 percent yesterday and silver plunged 4.7 percent. Gold
has fallen 7.7 percent since reaching this year's high of $698 on
April 20.
Read more at Bloomberg Commodities News
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