Gold takes a quick dip to $1310

Bonds and stocks in play

There is no clear reason for the quick drop in gold to a low of $1308-83 from $1317.

I think it's a combination of a few things:

1. Stops on a break of $1313
2. Volatility in ETFs around the stock market open
3. Bond-gold trades being unwound

In the bigger picture it's immaterial to gold but it's a sign of the volatile times right now.