Gold prices remain below $1,200

The price of gold remains flat below $1,200 and not much above its 60-day low of $1,180 in mid-morning New York trade. The current gold price spot rate in New York is $1,190.70 per ounce after a closing price of $1,194.50 on July 22nd.
Though not far removed from its mid-June all time high price of $1,261, gold prices have been in a consistent downward corrective mode in the last month.
Generally perceived as one of the safest investments during economic uncertainty, gold has apparently reached a point in the short-term …Forex Rate – Forex and Exchange rates

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