Gold returns some of its glitter

Gold went back above $ 1,270 per ounce yesterday after stabilizing in the dollar. This led to a recovery in interest in the precious metal after a third consecutive week of decline.
But the price is still under pressure from expectations of a new Fed interest rate increase next month.
The spot price of gold was trading early this morning at $ 1,278 per ounce, while metal futures with delivery in December rose to $ 1,280 per ounce.
The dollar stabilized on Monday after its biggest weekly rise this year.
The fact that Trump is on a visit to Asia can re-focus North Korea to support the price of the noble metal, according to market observers.
Gold has fallen over the past weeks, back by 2.5 percent of its peak in mid-October, with Fed rising expectations for a further rise in interest rates in December.