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Gold extended a rout into a fourth day as concern that Europe’s debt crisis is escalating boosted the dollar, raising the prospect that the precious metal may enter a bear market.
Current gold is trading at $1572,90 per ounce (-0,88%).
Gold’s RSI(14) for daily prices was at 27.21 today. The index last dropped below a level of 30, a signal that prices may rebound, in September 2008.
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