Gold Drops to 5-Year Low on Technical Selling Pressure, Bearish Outside Markets

(Kitco News) – Gold futures prices late Friday morning dropped below the 2014 low to set a five-year low of $1,129.60 as of this writing. Bearish “outside markets” on this day–a firmer U.S. dollar index and weaker crude oil prices–have combined with technical selling pressure to drive the yellow metal’s price farther south.

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