The gold price can be moved around (up or down) more easily during this quiet time of the year. We should not be surprised gold has fallen. It also fell to its June 2013 low last December. This year it looks as if they will get the USD POG below where it ended in 2013, and perhaps all the way back to its recent low of USD1131.
The first week or so of 2014 is also likely to not provide any impetus for gold. However I still think there will be a bit of a rally later in January and possibly part of February as we get closer to the Chinese new year.
