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Gold’s still pulled down to 4-month grounds

FXstreet.com (Chicago) – Gold extends losses and trades within the boundaries of a bearish channel and gradual descent that holds the contract below the $1,240 zone now succumbing to speculations and bearish pressure.

Offered at $1,238.20, gold prints lows at $1,236.70 and highs at $1,242.20 retracing 0.47% so far. Silver is 0.33% down and is offered at $19.80 printing lows at $19.78 and highs at $19.86. Platinum losses minimally, 0.01%, and is offered at $1,382.60 registering lows at $1,381.30 and highs at $1,384.20. Palladium joins the club of losers and trades 0.08% down at $713.50 registering lows at $713.35 and highs …read more