| Gold slipped again on Monday as a strong dollar and a looming Federal Reserve rate hike had speculative investors abandoning the complex. Gold for December delivery on the Comex division of the New York Mercantile Exchange was last down $9.60, or 0.91 percent, at $1,066.70 per ounce. Trade has ranged from $1,065.00 to $1,076.50.
“Despite a recent slight regain, and burgeoning physical demand, the gold price is still in a period of weakness. Even growing geopolitical uncertainties that tend to support the ‘crisis metal’ were not able to change the current trend,” said Heraeus, which added that short-term support is now $1,066, while a test of 2010 low at $1,045 looms on the horizon...............................................Full Article: Source
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