Gold just reversed course

Gold just reversed course again.

The currency is down by 0.3% at $1,266.45 an ounce as of 12:19 p.m. ET.

Earlier in the morning, the metal ticked up into the green after getting slammed the previous day. The metal tumbled by over 3% on Tuesday, falling to $1,271.85 an ounce in the mid-afternoon – the weakest level since June 23, the day of the Brexit vote.

Notably, gold is considered a traditional risk-off, “end of the world” trade and is often bought up aggressively by investors in times of stress.

In related news, the US dollar is little changed at 96.18.

source
Investing.com