Gold Is Breaking Down Again

Gold is once again threatening to go down the tubes.

It’s nearing the $US1200 level, which it very briefly breached in June.

November was a terrible month for the yellow metal, and in the early hours of December, this month isn’t looking good either.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.