This article was written by Evdokia Pitsillidou, Risk Management Associate at easyMarkets.
Gold prices have declined sharply in recent weeks, giving back some of their post-Brexit gains as risk sentiment quickly returned to the financial markets.
Spot gold, the price paid for immediate settlement, was last seen trading around $1,333.00 a troy ounce, having declined over $30 from its post-Brexit closing high. The yellow metal has seen its outlook deteriorate in recent weeks as investors returned to equities and so-called risk-on assets.
Relative strength is holding steady ... (read more)