It was trading sideways until 8 AM, when it really started heading south. In the last hour, it’s fallen $15 per ounce and is now down around 1 per cent on the day at $1586.
The chart below shows the move.
Click to enlarge
NOW WATCH: Money & Markets videos
Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.