Seeking Alpha: "Gold has plunged nearly 8% this week and is now trading towards a critical support level around the 1180 range. The selloff in the composite of precious metals has breached the 15% mark for this month alone despite stabilizing yields and equities retracing almost 60% of the move lower from recent highs. The FX market continued to trade in favor of further USD strength this week after finding support from a string of better than expected economic data."
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