Gold price breaks 6-year downtrend
Gold price has been in a bear grip since hitting all-time record in 2011.
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Gold miners weak but not oversold
If looking at Gold only in a vacuum, it looks good. Its uptrend since the start of the year remains intact and it has pushed above its 50 and 200-day moving averages.
CHART: Commodity prices slump to 50-year low against US stocks
S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.
