Over the fortnight gold has witnessed a severe decline in prices.
The first week kicked off with a plunge in gold prices and the same continue this week too.This week, the main reports that came in from the U.S are the JOLTS monthly update and retail sales. In China, too several reports came out including CPI, new loans and trade balance.
Though we have been repeatedly saying that September has historically been the best performing month for gold, this year September kicked off on a negative role as we saw that gold prices have declined by 3%.
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