Gold falls 0.4% as US dollar remains well bid
A round of US dollar strength following housing starts data sent gold bulls to the sidelines. The precious metal is down $4.4 to $1113 in a quick fall from $1120.
Gold daily
Gold is now approaching support from the July 21 high of $1110 and last week's low of $1111.82.
Tomorrow is a big day for the gold trade with US CPI on the docket along with the FOMC minutes. Low inflation and/or dovish Fed minutes will spark speculation that Yellen will stay sidelined until Q4.
