There's a slight down cycle for gold at the moment as there has been a string of good U.S. It left the door open to more policy stimulus, highlighting great uncertainty and abundant risks to the economic outlook. "People think the international situation is enough to keep the Federal Reserve on hold, but there's some slight nervousness," Macquarie analyst Matthew Turner said. "The assumption that the Fed is more cautious now is surely correct as it didn't manage to do the hiking cycle it wanted, but being more cautious does not mean completely paralysed. LONDON: Gold prices fell on Friday, reflecting tension between a global backdrop of easier interest rates and the chance of U.S. monetary policy being tightened before the end of the year.Spot gold slid 0.6 percent to $1,323.22 an ounce by 1416 GMT, on course for a weekly decline of about 1 percent.

Source: Economic Times July 22, 2016 15:45 UTC