Gold post lowest close in a month

FXStreet (Córdoba) - Gold lost more than $20 on Monday and finished at $1,308 posting the lowest daily close since February 13. The yellow metal extended the retracement after hitting only a week ago at $1,391 a 6-month high.

The price continues under pressure and holding a downside bias, despite oversold indicators after dropping $82 in a week. Recent movements broke important support levels exposing $1,300.

The value of the ounce has decline in five out of the last six trading days. Early in Asia price remains steady near Monday’s lows.