As of noon eastern time today, Gold is down 1% on profit taking to $1637/oz. A small pullback today is not really surprising after its biggest 2 week rise in over 8 weeks.
Coupled with the rise in the dollar amid downgrade talk of euro zone countries (the Euro is at a 16 month low below $1.27) it is a very modest pullback. We'll see what next week brings.
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