Gold has been on an amazing run
Gold has dropped to $1326 from $1340 in the past two hours. That's taken it down $11 on the day.
That isn't much (it's 0.7%) but it's the worst day for gold since December 7.
This looks like a signal about more consolidation ahead of the September high. At the moment, support from last Tuesday's high is giving way.
The risk for gold is that the latest bounce in the US dollar extends into something more.
