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Gold price slides as hike odds near 70%, testing strategist's key level from a day earlier

Source: kitco.com

Commodities & Raw MaterialsMarket Technicals & FlowsInvestor Sentiment & Positioning
Gold price slides as hike odds near 70%, testing strategist's key level from a day earlier

Gold is testing the technical level as it slipped to about 4,325, with Phil Streible (Blue Line Futures) saying a close below 4,350 would make him change his view. The move suggests a near-term bearish technical bias, but it appears more like a threshold-driven trading signal than a major fundamental shock.

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