The Asian market has been a consistent buyer of gold over the last few months, especially from the physical market, so if prices start to drop a little in this time-zone then the price must surely be very overbought. Spot gold is down $1.50 on the session so far, currently at $1138/oz.
On the plus side for the shiny stuff, the nation of Mauritius bought 2 metric tonnes of gold from the IMF for a little over $70 million.
