Daily gold report: Wednesday 25th July

Spot gold prices fell below $680 for the first time in four sessions early Wednesday, sinking 1.3% from Tuesday's peak to dip beneath $677 per ounce – the current trendline of the rally starting in late June.

Spot gold prices fell below $680 for the first time in four sessions early Wednesday, sinking 1.3% from Tuesday's peak to dip beneath $677 per ounce the current trendline of the rally starting in late June.

The severe pullback in gold only came for US investors, however, as the US Dollar bounced hard from a near record-low on its trade-weighted index. Knocking nearly one cent off the Euro inside three hours and coming on the back of no economic data whatsoever the Dollar's sharp rally kept the Euro Price of Gold in a tight range around €493 per ounce.

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Adrian has written all things gold related from if it’s worth buying, what the real price of gold should be and what’s the point of gold for MoneyWeek. He has also written for other leading money titles on his gold expertise including Business Insider, Forbes, City A.M, Yahoo Finance and What Investment Magazine. Now Adrian is head of the research desk at BullionVault, a physical market for gold and silver for private investors online.