US sales stop Gold in its tracks

As just noted, the reaction to the better than forecast US sales data and rebound in the dollar it has delivered, Gold has balked at this news. Earlier today gold was on its way to potentially setting a new record high, when it reached $2,444.05. The fall that has now unfolded since that US sales report has seen the metal fall back to just below $,2,430. So, it would appear that Gold just is not ready yet for another record? It might be wise too rule that out in the short-term though, but for the time being gold is tracking back down again, currently trading at $2,429.90