These signals have emerged since the actual sale of gold failed to hold above the $ 1,600 resisntance importance. Selloff picked up steam when the euro currency continued to pressure yanhg ahead of the meeting will take place today.
The fall in oil prices and further aggravate the sentiment for gold. Oil prices likely to decline following the Iran and the UN had an agreement in nuclear talks.
If the European crisis worsens, it is difficult for gold to move up due to the movement of precious metals is currently under the direction of the euro. When the single European currency is weak, then the investor will release its gold assets. If there is a positive outcome at the meeting later, gold may rebound.


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