The gold market was hammered down hard Tuesday and hit a five-month low. Importantly, prices dropped and closed below what was major psychological support at $1,300.00, which now suggests still more selling pressure is coming in the near term. One element that could rescue the sliding gold market is a flare-up in geopolitics that would prompt fresh demand for the safe-haven metal. And it does appear the U.S.-North Korea tensions are on the rise again. Stay tuned!
