| On Tuesday, gold was swept up in the negativity on equity and commodity markets as a rally in response to a decision by the US Federal Reserve not to raise interest rates begins to fade. In late afternoon dealings on the Comex market in New York, gold futures with December delivery dates were down $8.90 or 0.8% to $1,123.90 an ounce in another day of relatively quiet trade.
That's still up from just above the $1,100 level ahead of the Fed's hold which sent the dollar tumbling and bond yields falling. Bond yields and gold and the dollar and gold have strong negative correlations...............................................Full Article: Source
|