Gold price takes a breath after strong run

San Francisco (Oct 20)  Gold eased on Monday following a strong run which saw the yellow metal touch plus three month highs.

In New York gold for December delivery lost US$10 to US$1172 an ounce.

Over the past month gold is up about 2.6%, while over the past year is down 5.5%.

With the AUD / USD 0.725, this prices gold at a very healthy A$1600 in the local money.

Source: ProactiveInvestors