Gold Price Drops Again as ETF Investors, Hedge Funds Flee

(Mining.com) Gold was coming under renewed pressure in late trading on Tuesday as negative sentiment swamps retail and institutional investors in the yellow metal.Gold for delivery in February, the most active contract on the Comex market in New York, hit a low of $1,127.30 an ounce, levels not seen since the beginning of February this year. Gold has now trimmed its year to date gains to just under 7%.

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