Gold continue to decrease

Market news

15 December 2011

Gold continue to decrease

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.

European stocks close

US Stocks retreated from session highs: Dow 11,875.62 +52.14 +0.44%, Nasdaq 2,538.94 -0.37 -0.01%, S&P 1,216.72 +4.90 +0.40%.

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