Greenback gains momentum across the board as Wall Street turned to the downside.
XAU/USD about to test August lows near $1,860.
The metal resumed its decline on Wednesday. Gold broke under $1,870/oz and tumbled to $1,864, the lowest level in six weeks, stalling just before the August low at $1,862.
XAU/USD remains under pressure, affected by a stronger US dollar across the board and by a deterioration in market sentiment. The greenback gained momentum after the beginning of the American session despite a mixed US preliminary Markit PMI report. The DXY climbed to 94.30, the highest level since late July.
While XAU/USD drops 1.85%, silver (XAG/USD) is losing more than 5%, after breaking below the August low.


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