Trades at the lowest level since August 28th
The price of spot gold has cracked back below the $1300 on the run up in the dollar after the FOMC decision. The precious metal is trading at the lowest level since August 28th.
The price has also moved below the 38.2% of the move up from the July low at 1299.21. The 50 day MA comes in at 1286.84 and is the next target on the downside.
