Gold turns lower on the day amid a bout of profit-taking

  • The precious metal hits a small air pocket in European morning trade
Gold

Gold is now down 0.4% on the day to $3,816 after having hit a high of $3,871 during the handover from Asia to Europe earlier. It's a slight setback in holding on to what would've been the best monthly showing since 2008 but at near 12% gains, it will still be a stellar September for gold overall. But in closing things out, it looks like it's not as straightforward with some profit-taking hitting at the moment.

Gold 15M 30-09
Gold (XAU/USD) 15-minute chart

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