Gold Breaks Below $1,075 After All

And, largely, the prompt was the greenback. The U.S. Dollar Index vaulted well above the 80 level just before 10 AM ET. Just afterwards, a pause in an earlier decline ended and gold rolled downwards. The Index, after marking time at the 80.25 level, is currently trending upwards. Gold has been mostly knocked down by predominant selling according to the Kitco Gold Index. As of 10:26 AM ET, gold's at $1,063.80 and looks likely to test the $1,060 support level.