2011-12-19- the Current gold price appears to be headed for small movements one way or another in the enxt two week. spot gold was down 0.2% at $1,595.50 a troy ounce, having failed to maintain an early push above the key $1,600/oz level. gold fell below $1,600/oz for the first time in almost three months last week as did other commodities and stocks.

  Wednesday during the trrading session the price of gold Plummetted. The reason is suspect. Some have said that Hank Paulson has unloaded most of his gold holdings while others are blaming a stronger United States dollar. Gold futures dropped nearly 5% as they sank below the $1,600 level for the first time in nearly three months,investors bought cash instead as the safest asset. The decline blew past some technical levels, which then increased the selloff. Gold for February delivery settled down $76.20 an ounce, or 4.6%, to $1,586.90 on the Comex division of the New York Mercantile Exchange.