Gold in the cold

The gold price is in danger of falling below $US1,200 … and then much lower.

As global analysts suggest zinc, tin and diamonds will lead a wider resources recovery in 2014 (see Tim Treadgold today Prepare for a resources rush), the gold price is moving in the opposite direction.

This week, the gold price is testing the key $US1,200 support barrier for the second time in six months as an increasing number of retail investors exit their holdings in exchange-traded funds (ETFs).

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