Gold returns after its growth yesterday

The price of gold fell on Thursday after investors were taking their profits. The noble metal added nearly 1% the previous session, after weaker than expected data on the US economy and the Fed's fears about inflation.
Investors have lowered their expectations of the number of interest rises next year after Yellen said aggressive interest rates could further exacerbate inflation. The latter is still below the target of 2%.
Still, expectations are for another rise in interest rates in December, which continues to weigh above the price of precious metal. It trades in a relatively narrow range so far between $1,265 and $1,290.
According to technical analysts, only an increase of more than $1,300 could lead to further growth of the precious metal.
The spot price of gold lost 0.2% of its value to levels of $1,290 per ounce earlier this morning.
Gold futures with delivery in December fell 0.2 percent to $1 289.80 per ounce.
Gold may test support at $1 283 per ounce.