Gold prices are down today for the second time in the past 3 days after rallying strongly in July. Prices were as high as $2074 per ounce last Friday but dipped slightly below $2000 today in the morning. This level is mostly psychological while more concrete support levels are much lower: 2011 high at $1911 and 50 and 75 moving averages currently running below $1900. Gold is still 11.5% up over the past month.

Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report
📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30
Silver rallies 3% 📈 A return of bullish momentum in precious metals?
Daily summary: Weak US data drags markets down, precious metals under pressure again!