Stronger Risk Appetite Sends Gold below $1,800

From sunshineprofits.com

Gold plunged below $1,800. Will these declines finally end? November doesn’t look like a good month for gold. The declines in the precious metals market continued last week. As the chart below shows, the price of the yellow metal dropped to $1,779 on Friday (November 27). What is going on? Well, it seems that investors have switched into a risk-on state of mind, which sent the safe-haven assets such as gold substantially lower. You see, a lot of important things happened or are happening: a few vaccines are coming to the market, the formal transition of power from the current administration to President-elect Joe ... (full story)