Gold price took a hit and dived below $1,800
Gold is having a bad week. Following 2 days of heavy selling on Monday and Tuesday, price of the precious metal has once again found itself under pressure today. Price of gold slumped below the $1,800 mark as VIX, volatility index, dropped below 20 for the first time since February. Gold trades at the lowest level since mid-July. Other precious metals - SILVER, PALLADIUM and PLATINUM - also trade under pressure.
Gold price drops below $1,800 for the first time since mid-July 2020 and tests 200-session moving average. Source: xStation5
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