Gold Makes New Low For Recent Slide

Gold futures are trading lower by $14.30 at $1069.30 in Tuesday's session. In the after-hours session on Monday, it found resistance above Monday's close ($1083.60), reaching $1085.10 before heading lower. The ensuing decline has taken the contract well beyond it the low of its recent decline ($1073), reaching $1064.40. Since making that low it has been attempting to reclaim the $1070 handle. Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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