Gold stil hangs below an important level heading into the EU open

(Kitco News) – Gold broke the consolidation low of $1848.84 per ounce to the downside during yesterdays session. Today that bearishness continued as the yellow metal heading into the EU session trading 0.37% lower. Silver is also looking weak and the precious metal has moved 0.63% in the red dipping below $23.50 per ounce.

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