Gold is sliding in Asia with bars getting behind the move below $1,700.
Risks, however, favour an upside bias in the precious metals.
Gold is currently trading at $1,698.80, within a range of $1,696 and $1,703.81 with a tendency to move lower at the time of writing. The price is building a case for the downside having tested below $,1700 is Asia while risk appetite starts to improve again.
Overnight, gold futures ended higher for the second session in a row. Risk-off was the starting theme for the week in response to Mike Pompeo, Secretary of State, interview and accusations on ABC News reported on here: What you need to know as markets open: Pompeo and Trump ratcheted up US and China tensions


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