« Gasoline Inventories Rise More Than Expected. | Main | Updated S&P/Case-Shiller Housing Numbers »

Gold Breaks Short Term Uptrend

The price of gold is down nearly 2% today on little news.  While a lack of agreement on the fiscal cliff negotiations could be causing some pressure, it doesn't seem like there has been enough new news to warrant such a sell-off.  One other potential cause for the acceleration in the selling could be the break of short term support at the $1,725 level.

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.