In Gold, no point trying to look for news. Here is the news for you: Gold is a nasty beast, it will drop like a rock through support when you think it is your ideal entry.
also a fear that the Asians will sit out today's tres. auction and drive short rates up. dollar up . gold down.
took advantage of otc and comex options expiry this week to gun the stops and test the waters below 390 in spot how come it always looks so easy after the fact ? gosh ..... I guess the open was indeed the high today and it was one of those trend down days XAU also was weak along with silver