Gold Drops to Fresh 5-Month Low

<p>Gold had been experiencing a strong pullback following its recent peak at 1,987, with the price slicing through both its 50- and 200-day simple moving averages (SMAs). Moreover, in today’s session, bullion fell to a fresh five-month bottom as the bulls seem to be staying on the sidelines. The momentum indicators suggest that the recent decline […]</p>
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