Fundamental Forecast for Gold:Neutral
- Gold Sell-Off as Bar Lowers on Employment; Oil Drops on Cushing Build
- Gold Price Channel Break; Could Bounce Near 1096
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Gold prices plunged for a third consecutive week with the precious metal down more than 4.7% to trade at 1088 ahead of the New York close on Friday. The decline marks an eight-day losing streak (longest since July) with prices at risk for further losses amid growing expectations for a December rate hike from the Fed.