Gold Prices Sink Lower On Selling To Book Profits

Gold’s record-breaking run came again to a stop today. The precious metal sank below $1,200 with June gold ending lower by $20.60 to $1194.00. Some of the selling may have been caused as a result of traders taking profits off the table or perhaps by gold’s inability to penetrate above $1,250 res level.

The gold price Wednesday traded as high as $1,228.20 and as low as $1,186.60.

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