Gold price, page-1461

Not exactly. The fall in POG isn't due to weak investor demand. The fall in POG has been predominantly driven by a rising USD (see V's chart earlier today demonstrating correlation), which right now is trying to push through that 95.47 mark that has seemed to signal resistance. If this breaks through and forges higher then POG could see the 1,220's again. So this is more US bulls than POG bears. The thing is if this continues then conviction of investment demand in gold may falter and then we will have genuine selling pressure as well as USD driven falls. I am not sure what is going to arrest the dollar ascent prior to the fed not raising (should that be the case) which is almost a month away. More weakness to come IMO