16th Decenber 2014

Monday started on a relatively quiet note trading-wise, but as the day progressed, conditions grew considerably more volatile. By the end of the day, gold was among the bigger casualties, breaking back below the $1200 mark and dragging the rest of the group down with it. Once again, none of the factors that provided an element of support of late helped gold’s cause, including yet another selloff in the US stock market. In addition, the dollar shed early gains against the yen and finished considerably weaker against the Japanese currency, but this also failed to give gold much of a lift. The greenback ended marginally lower against both the Euro and sterling as well.