Less than one month ago today, the price of gold was trading above $1,200 per ounce, and hitting record highs what seemed like every day. Since then, the fortunes of gold have reversed dramatically. After breaking below its 50-day moving average before Christmas, gold attempted to rally back above that level on Monday but was quickly met with additional selling. Today, however, gold is making another run at the 50-day after failing to make a new low yesterday.
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