Gold Nearing Oversold Level as Metal Approaches $1,200: Chart
An employee arranges one kilogram gold bars.
Photographer: Dario Pignatelli/BloombergThis article is for subscribers only.
Gold’s on track for its worst month in nearly three years after a fourth straight weekly decline. The drop has sent gold’s 14-day relative strength index, a gauge of momentum, toward 30, indicating the metal is oversold.