Gold market could see further ETF redemptions as prices turn negative on the year - Standard Chartered’s Cooper

(Kitco News) - The gold market continues to test its lower bounds, with one analyst seeing further fragility in the marketplace.Although gold remains above its March lows, the precious metal hit another bearish marker as prices turned negative for the year. Spot gold last traded at $4,221.10 an ounce, down nearly 1% on the day. The precious metal is down more than 2% so far this year. Gold prices have dropped more than 5% since Friday, when prices broke below critical support at the 200-day movi