The only thing I see glaringly obvious is the COMEX boys squirming in London to keep the Gold price under $1,320.00 to discourage delivery on contracts in the current month.
However; having observed these guys for many years I dare say they will somehow manage to hold the price until the first notice day.
This behaviour and the NY boys pre-FOMC gold price kicking is as regular as that provided by prune juice!
Now Tuesday 1st of July new quarter complete with revelations of Dark Pools and dodgy Barclays operators and the many possible Black Swans currently hanging around and things may be different.
I wonder if the Chinese Gold collateral currently missing in action gives the Germans restored faith in their Gold safely held (no you can’t have it back) for them in them USA.
