Gold plummets during American trading to $1552.40

FXstreet.com (Barcelona) - The price of gold has collapsed during the US trading, having fallen below multiple supports en route to fresh session lows at USD $1552.40 per oz. in these moments. This movement comes on the heels of weak ADP employment data, which marked a stark departure (158K vs. 200K projected) from previous figures. Prolonged stability below the 1560 support could signal a downtrend in the near-term.