Gold Down after hitting $3,500 an ounce for the first time as traders booked profits following a nearly 10% rally this month. Gold fell as much as 1.5% during U.S. trading hours after earlier surging to a new record as risk appetite improved with equities bouncing back, bonds and the dollar stabilizing.
The precious metal is also in overbought territory, indicating recent gains may be overdone.
Source: Newsmaker.id
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