Now for the second day in a row, gold continues to trade under pressure. Although yesterday’s price action contained a higher high then Monday, gold fell under pressure to close $11 lower on the day.
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Gold is trading under pressure today, resulting in a $10 decline. As of 4:00 PM Eastern standard time, gold futures (April futures contract) are currently off by $11.10 (-0.82%).
After dropping over 1100 points on Thursday and Friday of last week, the Dow Jones Industrial Average has staged a dynamic recovery today. As of 3:30 PM Eastern standard time, it is trading 622 points higher at 24,155.