Gold Must Secure Current Levels or Risk Deeper Slide, Warns Standard Chartered Analyst

Gold prices have slipped below $4,000 after a two-month decline and are nearing oversold territory. Suki Cooper of Standard Chartered says the metal must hold support at $3,886 an ounce or face a sharper correction. Fresh outflows from gold ETPs reflect softening demand amid broader asset sales tied to tech worries and margin pressures.