Gold futures tested a critical support price level of $1185 on Friday. This level also marked 2-month lows for Gold futures. Market analysts remarked that coupled with a sharp move down for U.S. stock markets on Friday, Gold did not attract investors seeking safe-havens. One possibility is that the Euro may be investors’ safe haven of choice for now.
Below, Gold and EURUSD daily charts. See the sharp moves on Friday in opposite directions.