Gold leaking lower again as month-end draws closer

Earlier this morning Gold came pretty close to reaching the $3,300 handle. However, it has clearly run into sellers ahead of that price point. The high seen earlier was set at $3,296.96 and it has since fallen back below the $3,280 mark. The low since the high was around $3,277.65. It try to bounce from there a little earlier, but so far not close to threatening the earlier high. The thing is; we have US stocks set for record openings later on and s continued rather risk benign backdrop across the markets. That is not to detract from other reasons for buying and holding gold, but those dynamics are what has forced it lower in recent days and they have not changed. Also, we should consider the 3pm Gold fix is going to be the final one of the month, Quarter and Half-year later this afternoon. Gold is right now at $3,277.70