Further profit-taking dents gold as US stock markets prepare to open in the red

In just a few minutes the US stock markets will reopen for the last time this month, quarter and half-year. It is still looking like it will be a lower opening for all three major indexes. At the same time Gold has struggled to rebound from an earlier session fall to $2,634.53. The metal has tried to rebound, but so far any bounce has been modest. The driver behind that fall earlier was surely a combination of comments emerging out of Iran and further profit-taking into the month-end, after what has been a record run for the metal in recent days. Gold could perhaps drop back further for the same reasons, so long as fresh risk aversion does not show up this afternoon. It is currently trading at $2,639.90