After an early attempt to rally the gold market gave ground into mid session. In fact, after an early morning rally up to $893.70 basis the December gold contract, the gold market saw almost an $18 per ounce setback. News that the US Federal Reserve had provided additional commercial paper support and talk that the Fed might also make loans directly to US corporations provided the US equity market with an early rally and that in turn seemed to undermine the gold market from a flight to quality perspective. Countervailing the slight dampening of flight to quality psychology in the gold trade was a modest setback in the US Dollar and a sharp rally in energy prices.