Gold price sharply down on heavy profit taking

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Gold price sharply down on heavy profit taking
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Gold price sharply down on heavy profit taking gold silver

- Gold prices are sharply lower and silver mildly down in early U.S. trading Monday. Strong profit-taking pressure and weak long liquidation from the futures traders are featured in both metals to start the trading week. April gold was last down $27.60 at $1,956.00 and May silver was down $0.164 at $23.19.

Geopolitics is moving closer to the front burner of the marketplace as Russia over the weekend threatened to station tactical nuclear weapons in Belarus. North Korea has test-fired more ballistic missiles and the U.S. has retaliated with air strikes in Syria after an Iranian-backed drone attack killed a U.S. citizen and injured U.S. military personnel.

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