Gold fututres dropped below $600 an ounce on Tuesday, as gold producers sold on recent spikes and crude oil prices fell.
Every time gold reaches the $600 mark, producer selling pressure from Australia and South America moves in. There is a conflict at that level, but at the same time investment and physical demand surface. Gold had risen earlier in the sesson, on growing tensions between North Korea and the U.N., which bolstered dealer and fund appetite for gold and the rest of the metal complex.
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