Daily Gold News: Wednesday, August 25 – Gold Back Below $1,800 Again

New York (Aug 25)  The gold futures contract gained 0.12% on Tuesday, as it fluctuated within a relatively narrow daily trading range following Monday’s advance of 1.25% and a breakout above a short-term consolidation following the mid-August advances. The market also broke above the $1,800 price mark on Monday and it got back to July consolidation of $1,790-1,840. But this morning gold is trading slightly below the $1,800 price level again, as we can see on the daily chart (the chart includes today’s intraday data):

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