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Gold’s Haven Luster Fades

The precious metal has continued to fall after flashing a bearish technical signal

relates to Gold’s Haven Luster Fades

Gold has continued its bearish trajectory following Friday’s “death cross” when its 50-day moving average sank below its 200-day moving average. The move comes as global stocks decline amid concern trade and investment restrictions could hurt growth. “It appears that gold is being treated currently as part of the commodity complex, as opposed to” a haven asset, said John Sharma, an economist at National Australia Bank Ltd.