The past few days have been rocky for gold. After briefly punching above the 50-day Simple Moving Average early last week, bear hijacked the driving seat as multiple fundamental forces dimmed the metal’s allure.

Spot gold is currently trading below the psychologically-important $1700 level, and is on course towards revisiting the lows seen in mid-June.

Fasten your seatbelts and tighten up because this could be a wild week for gold!

A sense of deep unease rippled through financial markets on Tuesday as concerns over the global growth outlook and geopolitical threats left investors on edge.