Gold Falls Below $5,000 in Thin Trade

1 month ago 24

By

Giulia Petroni, Dow Jones Newswires

Gold prices slipped backmost beneath $5,000 successful bladed trading, with overmuch of Asia closed for the Lunar New Year and U.S. markets unopen connected Monday.

Futures successful New York fell 2.2% to $4,937.40 a troy ounce. "Liquidity conditions stay thin, peculiarly crossed metals," Sucden Financial analysts said.

"Unless speculative sentiment re-emerges decisively, this backdrop is apt to support terms enactment contained wrong comparatively constrictive ranges implicit the adjacent term."

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