Author: John Pugliano
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Gold Correlation to China GDP Growth 150720
Gold has broken a critical support level with intra-day trade hitting $1,100/oz. Gold is also trading below key moving averages, with the 50dma below the 100 and the 100 below the 200. The below chart illustrates how gold’s rise and fall has been correlated with China’s GDP growth (in US dollars). This weekend it was…