Gold Price May Recover Soon

From dailyforex.com

For three consecutive trading sessions, spot gold prices have been undergoing a downward correction, with losses extending to the $2956 per ounce support level, near the free trading recommendations to buy gold from the $2950 support level. The gold price index is now recovering upwards around the $3015 per ounce level at the time of writing. Reasons for the Decline in the Gold Price Despite Market Concern According to recent trading and across gold trading company platforms, losses in gold bullion prices increased as investors sold their holdings to cover margin calls and take profits amidst broader market turmoil. ... (full story)