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Gold (XAUUSD) Price Slumps - Markets Rattled by Sharp Risk-Off Move 2020-12-21 12:25:00 Nick Cawley, Strategist Gold (XAU/USD) Analysis, Price and Chart Gold trades above $1,900/oz. before selling off sharply. Markets under pressure as riskier-assets shunned. Advertisement Gold is swinging around in early Monday trade as risk-markets come under pressure in holiday-thinned trading conditions. The precious metal has been moving higher of late and traded back above $1,900/oz. earlier today before sellers forced the price back down to just above $1,8500/oz. in around 30 minutes. This sell-off came despite a strong risk-off market theme as rising Covid-19 numbers, and mutations, unsettled investors.

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