Daily Gold News: Monday, May 24 – Gold Consolidating Below $1,900 Price Mark

London (May 24)  The gold futures contract lost 0.28% on Friday, as it extended a short-term consolidation following the recent advances. In early April the market has bounced from the support level marked by March 8 local low of $1,663.30. Since then it has been advancing. Today gold is trading sideways, as we can see on the daily chart (the chart includes today’s intraday data).

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