The market is just reacting to good US retail sales and higher than expected US core inflation. This means the Fed is much less likely to undertake QE3.
The market has once again "jumped the gun" on QE for about the 8th month in a row by assuming the Fed will do QE and pricing this into the Gold Price. Gold bugs like the saying "QE to infinity" as it would be wonders for the gold price. Trouble is noone told the Fed they were supposed to do QE3, QE4, etc. Whenever gold doesn't go the way Gold bugs want it's manipulation .. LOL
